Preparing for first investment, trying to decide strategy

[Michael Varney]

I am looking to do my first deal and there are two things that I'm struggling to decide/ figure out.

I have been learning about realestate for a little over a year so my knowledge base if fairly good. My biggest struggle is finances, up until just recently I was living pay check to pay. I just took a new job that is letting me save money and prepare financially. 

So here are my biggest questions.

The first is flip or hold to start? I know flipping is a great way to raise capitol but I don't have any money to put towards it myself.

However in a year I should have enough money to use as a down payment on a rental which I'm hoping might help raise more money for flipping.

The second is partnering. Should I consider partnering with someone who might be willing to bring cash to the table and work together on a flip. But I wonder who in their right mind would foot the bill for a new investor (regardless of knowledge base)?

Any advice on the issue would be great!

Thank you