Long-term, multi-family, flip...what to focus on as a Rookie?

[Michele Leonardi]

Hello everyone,

I currently own a condo outright near the Jersey Shore and just invested on a SFH (a block away from the beach) with a conventional mortgage whereas I'm renovating and planning to flip.

However, I find myself lost in the various investing options, and although I'm definitely not victim of the analysis-paralysis, I am unable to set my sights on a specific strategy yet.

I think multi-family houses to renovate and short-term rentals would be a good way to start building wealth in my market. But questioning if I should I sell the condo I own, cash out the profit and use the proceeds to pay for a multi-family dwelling?

I appreciate any guidance and/or recommendations.

Thank you very much, ciao,

Michele

[Erik Checkur]

Michele, I have a friend from high school who is very investment minded right near you on the Jersey shore. I'll send you a private message and get you set up with her to discuss your situation based on her recent experience in the market.