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Updated over 10 years ago,
What would you do in my place?
Hi everyone I'm brand new to this site and would really like to get started in investing ASAP as I know that is the best way to learn. However I know the first step is often the most important and I have been hesitant to make it. I am looking to invest in the Philadelphia area. I am not sure yet if I want to buy and hold or flip. I work a full time job and UPENN hospital and I wanted to get some feedback on what people think is better while having a full time job. Flipping or renting? Also, I have about 150k in equity in my home that I live in so I think I should be able to get around 100k in home equity line of credit. Does it make sense to use that to buy a property or is it better to just use it as a down payment and get a mortgage.
What would you do if you were in my situation? Which path would you take and why?