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Updated about 6 years ago,
As a first time investor with no money would you Rent or sell?
Hello, I am very new to all of this. Our goal is to gather some money up and in about 8-9 months look for an investment property. I wanted to get some opinions since for now my husband and I are still brainstorming and trying to educate ourselves, so the more information the better.
My question is: As a first time investor would it be more profitable (in the short term) to buy, rehab and resell? Or rent it out? After our first property, our goal is to rent but unsure what we should do with the very first to turn in a quick profit that would help us financially to continue our journey.
We live in the city of Philadelphia and we are not homeowners! The city is up and coming and with all this old properties in need of rehab the market is blooming so the opportunities are endless and the time to invest is now!
This would be my husbands primary occupation after we start. So we would need to have some money to continue growing our portfolio.