Should I start out with a flip or buy and hold?

[Scott Howell]

What is everyone's opinion on what to start out with? I want to do both but I'm unsure about which one to start with.

[Mateusz Prawdzik]

@Scott Howell It's whatever you want to be... Passive or Active. Now with that being said, flipping doesn't always have to active but it is definitely more active. I manage my own jobs and don't hire a GC to do the work because no one does a better job than myself, so I am active. But if you want to rehab and just sit back and watch the income come in slowly then you do buy and holds. I suggest doing a flip first because it shows you the ins and outs of the business especially dealing with contractors and your exit strategy is a sell where you get a chunk of money so that you can invest it into another property, where a single rental doesn't have much of enough cash flow to do anything. But then again you can refinance and get your DP back and some. So it is really your choice... I did flip but now I am starting to look for a single rental to see how I like dealing with those.