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Updated over 4 years ago,
350K to invest. Where to start! Young investor
Bought my first house when I was 19 and completely redid the house. At the time I was put onto the Dave Ramsey plan and my goal was to obviously pay everything off by 25. So I liked redoing the house I was living in so ended up flipping about 6 houses and was able to pay off everything I own. I now am at a point where the house I live currently is worth about $375k and I have bought a lot of equipment to flip houses. Would love some advice on what someone would do in this situation moving on investing in Real Estate. My first option would be to keep buying houses that need work but then turning them into rentals with equity already there. My second option would be to keep flipping and just keep saving up cash for when the economy finally goes down in Real Estate to buy cheaper rental property.
Thanks for all the advice in advance!!!