Updated 12 months ago on . Most recent reply
young investor strategy
I am a young re investor. 12 months in I have acquired 3 rentals and done 2 flips. I am trying to determine my long term play.
currently doing 2 flips then keeping one property.
1. flip more and pay off rentals.
2. acquire as many possible properties. (doing this would keep cashflow at 2-400$ per property) If I do this, my plan would be keep more flips, cashout equity when interest rates drop and use cash from other income. (not much as i am a fireman). acquire as many as i can in the next 15 years, then flip for 4 years to build cash and sell some property to pay off the ones that will be worth keeping. essen living on cashflow going forward.
I'm leaning tow option 2. my think is that the appreciation of the houses will be better in the long run.
I am new to re and would love some input from season investors. I am also looking for a seasoned mentor. I currently live in Abilene tx, 26 yo.