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Updated over 7 years ago on . Most recent reply
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is it better to rent or to flip for quick profit?
Hello, my name is Elisa Prado, bilingual, civil engineer and i am new in bigger pockets. I would like to introduce myself and start creating a network. I currently live in Birmingham, AL and me and mys husband are moving to Huntsville, AL next year. We are fascinated with investing into real estate and we have been saving as much as we can to start out adventure as soon as we arrive over there. Ideally, I would like to obtain a job in a construction company that deals with real estate. My passion is Project Management and Interior Design. I have been reading tons of books and learning different building codes to start learning the dos and don'ts or REI and construction. The main question that comes to mind is: If i would like to grow capital to keep investing, is flipping my best option when compared to rentals? Also, I just dont know where to start, other than getting to know the market i would like to invest first. Is anybody currently investing in Huntsville,AL? Thanks
Most Popular Reply
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Before anyone can really give you the advice you are looking for you have to clearly know what you want from real estate. If your goal is to generate passive income over time then get into rentals. Use your project management passion to BRRRR your way to a large portfolio or take on multifamily value add deals. If you are looking to pay your bills today then maybe you need to look at flipping projects. Again leveraging your PM skills and passion, you can partner with others to tackle multiple deals and be an active investor to support your living expenses today. There is no best way that applies to everyone but there may be a best way forward for you depending on what you want out of your real estate profession.