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Updated almost 9 years ago,
Start Out With A Live In Flip?
I am an avid DIY'er in the Twin Cities and I have remodeled two houses, basically from top to bottom. I have wanted to get into real estate in some form for a while now and think I am ready to get started. I am thinking about starting out on the live in flip route. Find a cheap foreclosure, fix it up while I live there for a couple years, and then sell. I would also like to start picking up rental properties here and there.
I work full time and do not want to leave my job. I have a passion for home remodeling projects and feel like I could put it to good use in real estate. I don't want to get rich, I just want to do something I enjoy that can help with retirement at the same time.
I know there are a million ways to get started, but is this a good way to begin my journey?