Fix n flip as first real estate investment
Found a 2bed 1bath for 99k. It requires full rehab. The only thing good is the framing (it has already been guttted).
I am complete noob to real estate investing as far as real world experience. I bought a house so am familiar with the buying process .I've read some books on real estate investing so am sort of familiar with basics.
I am very handy person. I recently completed a pretty major remodel in my own home.
Did all the work myself.
Should I stay away from this type of investment as first?
Should I look for a cash flowing rental instead?
I would like to hear your thoughts
Thanks
Most Popular Reply
First of all I would select a niche that is appropriate for your goals. Although Flipping can potentially be beneficial to "Buy and Hold" investing, they are two very different animals. One is a job, and the other creates cash flow and wealth.
Educate yourself, narrow down on your goals, and stay focused on the goal you create.