Start flipping houses - 10k

[Michael Speciale]

I am just turning 18 and I have about 10k cash saved up and I want to start investing in real estate. I am hoping to make some passive income while at college since I am lucky enough to not have college loans to worrying about since I am on a full scholarship. I am just starting in investing and my father rents out two properties but my interest is in flipping - possibly live and flip strategy.

I feel I’m pretty handy and very ambitious. I installed hard wood flooring in two of the main living spaces in my current house and remodeled the bathroom. I don’t really know where to start flipping however, and I can use all the advice I can get!

[Caleb Heimsoth]

Michael Speciale when people say “passive income”. They usually are referring to rentals. There isn’t anything passive about flipping. Flipping is a job. You can make a lot of money at it, but it’s a full time job.

Also even landlording isn’t fully “passive”. I spent 5-10 hours a month on my rentals. Is it doable? Of course. It just takes some minor amount of time.