Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago,
Another Buy-and-Hold or Flip?
So...I'm completing my first buy-and-hold and working to get a tenant in. Struggling to decide whether to buy another rental or do my first flip.
Advantages of another rental is to continue to refine my processes and add to my monthly cashflow/portfolio/experience. Not a bad thing. Advantages of doing a flip (if all goes well) is to get one under my belt, pay off existing debt, and build cash for next rental purchase.
Any reason to go with one course of action over another?