Harder to Find Buy/Holds or Flips?

[Jim Welch]

Hey Everyone!

Im trying to plan my business model for the next couple years and debating if I want to aim for flips or buy and holds. I have a day job right now I dont NEED cashflow but cashflowing will free up capital from my day job to reinvest. So both seem like a solid choice. 

So my question is what is typically harder to find good deals on? Im in the Dallas Texas market. I've done one flip and I've rented to tenants before so I have a bit of experience in both. So I feel the deciding criteria is which path I can manage to find the deals in. I plan to mostly work with wholesalers and the MLS as apposed to finding my own off market deals.

Thanks!
Jim Welch

[Peter M.]

@Jim Welch I'm in the same boat as you and I agree with what @Jim Cummings says. I want to build up my buy/hold portfolio but sometimes the number just don't work so I plan to do whichever makes the numbers work. However with the way prices are here now, the numbers seem to lean more towards flips than rentals at least until the market slows down. Plus I figure even if I plan to flip and it doesn't sell, I can rent it for a year with minimal cash flow and try again the following year but I have a couple other rentals that cashflow that can offset for a little while.