Introduction - Kansas City Newbie

[Bill Holzhueter]

Hello all,

My name is Bill Holzhueter. I live in the greater Kansas City metro area and I bought my first house last year and am looking to sell it this spring and invest in a duplex (living in one side renting the other) to begin my portfolio.

I am most interested in buy and hold as the long term strategy, but am interested in flipping to start to have some cash reserve before getting rental properties. And since I don't know if this is a good, bad or just an option, I'll be reading all sorts of info here on BP.

I look forward to connecting and learning and hopefully being able to offer something at some point

Cheers!

Bill

[Mehran K.]

Welcome to BiggerPockets @Bill Holzhueter!

I think your strategy is a great one. Be mindful that if you sell your personal residence before owning it for 2 years then you will have to pay capital gains tax.

Also, there are many people who flip to acquire funds to build their portfolio. It's definitely doable!