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Updated over 1 year ago,

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1
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1
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Rachel Kelly
1
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1
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First Investment will be Cash. Rent or Flip?

Rachel Kelly
Posted

I am currently an on-site residential property manager and ready to make the switch to investing. 

As a novice just starting out, I need to build my team and am ready to go!

Received a windfall. What makes more sense to you?  Bear in mind that the windfall is all i have and is only enough for one property. Making the correct first step is crucial!

Purchasing a brand new home, renting that out for monthly income and using the equity to move forward, or...
Starting with a flip so I can soley work with cash so make a larger sum out of the starting gate, and not start a loan cycle on a bunch of properties. 

What would you do, knowing what you know now?

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