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Updated almost 15 years ago,
What would you do with the money??
I am a 22 year old from West Virginia. I just purchased my first house last year to live in, and I am getting back the tax credit for purchasing the house. I will have about 15,000 to invest, should I start out flipping properties or buy a rental? Real estate is not extremely expensive in WV like it is in other states. I could buy a nice small house for 40,000, pay 15,000 down and rent it for around $500 a month. What would you do?