Brand new investor

[Jeremy Scott]

Greetings to the BP group. I am from northwest Florida and very green to real estate investing. I have been listening to various audio books on investing for the past week (6-7hrs) a day. I'm not entirely sure as to which niche to start in. I was considering fix and flips to start out with. I'd like to maximize my income stream somewhat quickly (5-10yrs) while also obtaining monthly cash flow properties. I am somewhat concerned about the current housing market. Is it still possible to achieve success in this current market condition? I am looking to connect with other investors and form strong relationships. I am open to any ideas on how to get started. Thank you in advance.

[Tanner Lewis]

Hey Jeremy, the best strategies for high cash flow will also be riskier. The riskiest strategies that have the highest projected income are flipping and short-term rentals, behind that, BRRRRing, and behind that is turn-key cash flowing long term rentals. Of course, many other strategies exist, but these are the basics. 

As a first-time investor, I HIGHLY suggest going with a turnkey long-term rental, and once you begin to learn how to master that strategy, you can branch out into another. It is best first to master the basics, even if it takes longer to make a significant profit. I have seen too many first-time investors try to gut and rehab a house and find themselves underwater on the deal.