Buy and hold or flipping???

[David Wilson]

Hi there,

New to the site and investing. I've been in construction for several years and my wife and I would like to work on having a few investment properties. (Buy and hold) additionally would like to flip houses along the way. Any advice on which of these would be a better starting investment??

Dave W.

[Brant Richardson]

I'm not familiar with the market in Tracy. Can you buy a property that will be cash flow positive there? If not, then you are kind of stuck flipping.

Buy and hold is great for passive income. You get a property that will cash flow a couple hundred dollars per month and probably appreciate over the years. You add one property after another and build long term wealth.

Flipping is labor and time intensive work, not passive income. Good way to raise a chunk of money. A good way to make some cash for the next down payment on a buy and hold.

Your flooring skills will definitely be helpful as a landlord.

A great way to start that is often talked about here is buying a duplex/tri/quad and living in one of the units while the other units pay the mortgage for you.