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Updated about 6 years ago,
How should I get started to reach my goals?
Hello all! I’ve learned quite a bit about real estate investing and many different strategies but I’m having a hard time deciding which strategy is best for me to start with. I don’t have a whole lot of spare time, and I don’t have savings. But I do have good credit. The plan is to use my home equity to get started, but I don’t know if I should start with fix and flip, or rentals.
I want to accumulate enough cash flow through multi family to be able to leave my job and focus on investing full time. But I feel like fix and flips could get me out of my job faster. So should I start with fix and flips and just pay someone with part of the first loan to oversee the first project, and then use profits from there on out to pay someone until i leave my job?
Thanks for the feedback in advance!