Flip vs buy and hold duplex for first investment?

[Account Closed]

Currently researching the best option for my first investment most likely in the state of Florida.

Money out of pocket would only be 5k-10k

My mind was set on "flips" to build capital at first but now I'm also looking at the idea of investing in a duplex living in one half and renting out the other.

So I'm just looking for the best advice on which to invest in for a beginners first investment so I can really dive In to all the research and make this happen in the near future using creative financing?

[James Wise]

If you only have 5k-10k I do not see how you would even be able to attempt to do a flip.

I think your best plan of attack will be an owner occupied duplex. You can live in one half and earn rental income from the other. Your realitivly small amount of capital should not be a major hurdle as long as you have a decent income and good credit.

With 5k-10k you could get an FHA loan for an ower occupied duplex. Your down payment would only need to be 3.5%