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Updated about 5 years ago on . Most recent reply

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Hunter Wiernasz
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Starting off Flipping or Renting?

Hunter Wiernasz
Posted

When I am of age (not 18 yet), would it be smarter to start off by flipping houses, or renting? I would appreciate the short term acquisition of wealth I obtain via flipping, but I also have my youth to my advantage, which also means I have time on my side (better for renting). What are any tips you may have?

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Aaron K.
  • Specialist
  • Riverside, CA
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

I'd start with renting, it is harder to screw up than flipping especially with no experience and if you do, time can help you recover.  Whereas with a flip if you screw it up time is the enemy due to holding costs.  You also have options to get into renting with less money down than flipping.

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