Updated over 5 years ago on . Most recent reply
Looking for first deal
I’m a brand new investor and I’m trying to decide the direction I want to go with my first deal. I know many would say a house hack but I’m 33 with a wife and 2 kids living in what’s hopefully our permanent house. That just doesn’t fit our lifestyle at this point. Should I be looking to buy with cash since I have no investment history for banks to look at? I have about $30,000 im willing to put toward this deal total. Im thinking a buy/hold deal but maybe fix and flip too. However getting some monthly cash flow seems better to me rather than waiting at least a year to sell the property to lessen the capital gains tax percentage. I live in a rural town in NC where options are slightly limited but want to stay local on the first deal. Any advice?