New User - Georgia (North Atlanta Metro and North Georgia)

[Jeff Stone]

I'm Jeff Stone.  I live and have some properties in north Georgia.

I own a large parcel of raw land which I bought from a bank (no specific plans for it yet) and a rental property in a college town (which currently houses one of my own kids going to school there because buying a small house turns out to be a lower monthly cost than room & board at the university).

So, counting my primary residence, I own 3 properties -- but can't really consider myself an "investor" because I haven't made a dime on any of them.

I'm interested in figuring out a way to do buy-and-hold rental properties to start building a cash-flow cushion to back up my day job.  I'm a good carpenter and handyman and would love to do flips, but skeptical that I could do a good job at that and my 60-hour a week day job at the same time.

Happy to be here.  And yes, I'll scrape up a profile picture soon...  :-)

[STEPHEN YUAN]

If you have equity in any of the property, you can take the equity out and use that money to buy a REAL rental property.

Pros of rental property vs flipping houses:
1. Less time consuming-You can outsource much of the day to day work to a management team.
2. Build up equity in this property and you can do another rental all over.
3. Appreciation in house can be taken out through equity or when u sell it

Cons of rental property vs flipping houses:
1. Slower return- You can get the same amount of money faster with flipping