Flips & Rental properties

[Jessica Sultani]

I’m just starting out and have decided that I want my strategy to include buying both flips and rentals. Any advice on which venture I should start with? On average how many properties would a beginner purchase in their first year? How many rentals and flips do you recommend having at once? Is it possible to get financing for multiple properties at once? 

[Mack Benson]

I think the common answer to these questions for someone just starting out is ONE. Focus on ONE task, rental or flip, focus on ONE property. Until you build a team around you and until you get experience spreading yourself too thin is a sure fire way to fail miserably and lose a lot of money in the process.

In the future, after completing a few flips and having a few rental properties ask these questions again but most likely you will be able to answer them yourself.

Good luck!