Just getting started - Looking at Fix/Flip then buy & hold

[Jaden Zubal]

Hi Everyone! 

I have been in the Insurance Based Financial Planning world for a few years now and work with many Real Estate Investors but have yet to be a part of it. This community has been amazing for education as I figure out what the best strategy for myself is going to be. I am very interested in doing local fix & flips then using the gains from that to purchase turnkey properties and wanted to get some feedback from some of you with experience in that. Any advice you could offer a beginner would be fantastic! 

Additionally, I have been very interested in purchasing a duplex in my area (Davis & Weber Counties, UT) that needs some rehab, and living in one of the units for a while. The intent here would be to acquire the property with an FHA loan for ~70% of the ARV, do the rehab, then refinance to a conventional, however I am not sure how realistic that is and would love feedback there as well.

Thanks!

Jaden