Just getting started....

[Vincent Petrof]

My wife and I are just getting started, we started to browse at properties and have been doing our research. I know how to do a decent amount of remodeling but am not sure what is the best option for us...buying and flipping or buying and holding (renting)? We live in Columbus OH and are about to meet with our realtor to start looking. I just want to make sure I out us in the best position. Thanks

[Clay Huber]

You need to work backwards. Meaning, what are your goals both short term and long term? What kind of numbers do you need to accomplish in order to meet these goals?

It's hard for anyone to give you advice on what you "should" do without knowing "where you want to go/be" in the future.

For example, in my case, I could care less about getting big lumps of money. All I want is cash flow every month where I just sit back and walk to the mailbox to pick up checks. While I'm certainly not getting a massive check like I could if I pulled off a properly executed flip, that's just not my goal.

It all comes down to determining your goals.