Advice On Investing In NJ

[Vincent Cataldo]

Hey everyone. I'm new to this website and to the investing community on real estate. I'm still learning and doing some homework and a little way before making a move. But I have the money waiting and was just looking for a little advice from experienced investors/flippers for someone starting out. My original plan was to start out buying a condo that needed work. Buy somewhere in the range of 70k or so. NJ is a very expensive state and usually condo's sell for a lot of money so it could be a good profit. I really wanted to redo the condo and rent it out and have steady income for my first investment. Some people have advised me for my first investment renting might be too expensive given all the fees, insurance, etc. Also, I've been a union construction worker for many years. I am fully capable and going to be doing all the fixing myself. No contractor or hires which is a big plus and money saver. So basically just seeking advice for someone looking to get started. Advice on the first investment condo, should I flip? Or look to rent? Thank you all for the time. I'm a beginner so I apologize if my info is a little all over the place.