New Investor looking for advice and guidance

[Shawn Glowacz]

Hello All,

I have decided to start investing in real estate in the St. Petersburg area. I currently live near downtown and absolutely love the city. I have some funds saved up to be able to start small. From some of the research I have done it seems like a lot of people recommend doing a flip first before purchasing a buy and hold in effort to build more capital. Do you all agree with that method? Also any advice or direction you can provide is much appreciated! I have been a long time observer of the market as I often research the inventory in my spare time but am just now deciding to get my feet wet. I am new at this so I am sure I will make mistakes but would love to hear any wisdom you have to share. 

Shawn

[Jeff Copeland]

I don't think flipping is necessarily a better way to start than buy and hold. Though many people follow that path out of necessity - as a way to build capital on the front end.

If you already have a full time job, flipping can be extremely tough. On the other hand, if you have some money saved up, and solid W-2 income, buying a small rental property couldn't be easier with 25% down (which is the typically down payment requirement for a conventional loan). 

Ultimately, it all depends on your current financial situation and future goals. 

Message me or email me and I'll be happy to share some resources on the local area.