Beginner getting started in investing - fix/flip or buy/hold

[Sreenath Gangula]

Greetings, Just became a BP member this morning! Heard to podcast#66 yesterday. Very impressive stuff.

I bought my first single family residence for primary residence last May (2013) and am thinking to invest on a rental or fix/flip. I am from Olympia, WA.

Strategy considering - focusing on foreclosure auctions to buy do a quick fix to flip or hold for rentals.

I have a steady income full time job. Have some Roth IRA and retirement income considering to show as security for a loan. I will read the beginners guide today.

Any insights that the pros would like to share with me to get started. Will partnering with someone the first time a good idea to raise revenue as well as get some experience?

Is it a good idea to pay a foreclosure broker to find good deals? Did you guys hear about Vestus foreclosure solutions. Is paying 3% on Fair market value or assessors value reasonable. Or should I be avoiding that.

Any pointers are welcome