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Updated over 4 years ago,
I’m in a dilemma Flip or rent?
Hey someone I have a question i’m in the process of purchasing my vey first property I’m about to close in a couple weeks at first I was thinking about what is the best way to get the best maximum income profit then I realize no matter the money I get for this property that I’m rehabbing I’ll have to use that money I would have use that money to Flipp for another home and I feel like I would not get any money for myself so I maybe I should just rent it out because I’ve been told by my realtor that location is very rentable but if I do that all the money but pretty much goes to the property as soon as I get money friend I had to put it on insurance and majority has to put on the side if something happens to the property I have enough money to fix it and after that I don’t have enough for myself my question I’m literally brand new what do you guys think is the best option I am very realistic I don’t expect to get lots of money right away because I’m new but at the same time I thought I would get something in return or I have just to wait longer then I expected so please tell me especially the veterans how did you started out and how long was it for you to make money?