Flipping vs. Buy-And-Hold?
Hey BP,
Seeking some experienced advice on strategies when starting...
I'm VERY excited about REI but am in the very early stages: getting my personal finances in order and learning as much as I can. Currently renting a townhouse, and not much in the way of assets.
My end goal is a portfolio of buy and hold properties so I can live off of the cash flow. If there's one thing that I've learned about B&H, it's a VERY slow game. Which I love, but it's also frustrating because I'm itching to get started investing now. I'm still a year or two away from having enough to buy a house-hack-ish property (looking for a primary residence with a mother-in-law suite to rent).
I've been curious about learning to flip to build cash reserves, then use that to buy long-term holdings. But it seems like there's a lot to know and a lot that can go wrong with flipping.
Does it seem like a bad idea to learn how to flip just to get started, particularly if that's not what I want to ultimately do?