To Hold or to Flip?

[Arnold Oh]

Good morning Bigger Pockets!

I've reached out to Dale Hensel, who was incredibly generous with his time. 

He said to read and to decide on a strategy of investment. 

Hold makes so much more sense to me -- tax benefits, paying down mortgage, long term investments, etc. So I spent some time thinking about the reason why people flip yesterday: Is the reason why people flip is the cash? and having the house out of your hands?

Are you a flipper or are you a holder? Or a combination of both? Why do you do what you do? 

[Bryan O.]

@Arnold Oh the difference between buy and hold and flipping is a big one. It is being an investor vs. being self employed. Buy and hold is investing. Flipping is having a job that makes money. Many flippers use that money to invest as well and can leverage their existing contacts to possibly find better deals, but ultimately it is just another job.

At the moment, I have a job that makes good money so I only buy and hold. If I ever decide to leave my corporate job I would consider flipping on the side as a way to keep my network fresh and generate cash for investments.

Ultimately, investing is using money to get more time (freedom) and flipping is using time to get more money. Two very different approaches for different results.

Best of luck!