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Updated over 9 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Kristian Constantino
  • Gilberts, IL
1
Votes |
3
Posts

Flip or multifamily?

Kristian Constantino
  • Gilberts, IL
Posted

I'm torn between flipping and buying a multi-unit property. I'm skeptical about a flip because I do not know a lot about the business. The people that I know that do flips are people that I used to work with and they told me they will help me find connections for flipping a house. A flip is very tempting because I can put a bigger down payment on a 4plex and have more cash flow when I rent out the other 3. 

I already have a plan for a 4plex. I start out with a government loan because they count rental income as part of your income when you do not have landlord history. I'm not buying anything until a year and 9 months later. The reason being is that I need to feel comfortable with my liquid assets first before diving into investing in a flip or a rental property. 

How did people here find their niche? Before or after investing? Or after they already have done a flip or a rental. 

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