Is house flipping a good idea?
I have been acquiring rental properties for the past two years. I partnered up with a good friend from college and now we also manage other people’s rentals and find deals for them. I have built a strong team and now have some free time.
I have been considering start flipping houses as I have the time, energy and resources. But I also understand the risk behind it and it would be my first time doing it.
I am not sure if I should keep doing rentals or try out flipping a house.
My downside on the first option is that I will be running out of cash after a couple houses (with leverage of course) as the money will sit there. As opposed to house flipping that I can continue to do it over and over again.
What are your thoughts on this? All advices are appreciated.