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Updated over 8 years ago on . Most recent reply

ideas of making my first investment
So im a brand new REI and right now im just absorbing all the info i can on being a great respectable REI, and to be as pro ready as i can when i pull the trigger for the first deal.really mainly looking into flipping and renting/landlording right now, and venture into the other methods later. But my idea to start off is to get a mortgage on a foreclosure and rehab it while live in it (since im currently renting and the mortgage would be cheaper which means more cashflow for the rehab) and then when the time comes make a decision to flip it or rent it out.
So any pros/bros out there able to give a newbie some feedback/advice on my first planned investment.
preciate it,
Anthony
Most Popular Reply
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that is an excellent idea. Look at the 203k. Also look in areas that growth is coming but not there yet.