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Updated over 1 year ago,
First Investment will be Cash. Rent or Flip?
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?