All Forum Posts by: Account Closed

 Great advice, thanks! My credit is not too far away from that number, any ballpark amount on how much I need for a downpayment on my first house?

That's good advice. Would a regular old-fashioned investment like an IRA be a good alternative?

I'm very seriously educating myself on real estate investment. I'm 25 years old with zero capital to work with and my ultimate goal is to build long term wealth (as quickly as possible).

I have heard that a minority of real estate investors Fix & Flip because the gains are taxed at the highest rate, greatly reducing the net profit. I understand the long game is to Buy & Hold, but I have no desire to be a landlord or continue upkeep on the property long term. The logistics of that seem nightmarish to be totally honest. I'd much rather renovate, sell, turn around and do it again. 

All of that being said, if it truly isn't worth it for someone starting with nothing to Fix & Flip and I should really Buy & Hold for a few years of passive income instead, I suppose I am open to that. But I wouldn't want to do it longer than necessary. Does anyone with more experience want to weigh in?