Cash Flow or Equity?

[David De La Torre]

Hello Investors!

I currently am almost done rehabbing my first out-of-state property in Cleveland, Ohio. My exit strategies are to either rent or sell, as I see both options being profitable. I'm currently 23 and I'm passionate about the entertainment industry, especially music, and real estate investing! 

Entertainment doesn't pay well until you work your way up the ladder, so I see real estate as an avenue to financially support myself.  

I'm trying to figure out if I want to:

A) first focus on buying several rentals that could support me (through rent) as I also navigate my other interests, or 

B) sell my property for around the ARV and grow my equity as I keep flipping houses until I decide to for example, buy apartment complexes.

My current real estate goals are to one day own apartment complexes with many units rather than many houses with smaller units. 

To all my experienced investors, would route would you recommend I prioritize first?

Happy Investing!

[Bob Stevens]

Quote from @David De La Torre:

Hello Investors!

I currently am almost done rehabbing my first out-of-state property in Cleveland, Ohio. My exit strategies are to either rent or sell, as I see both options being profitable. I'm currently 23 and I'm passionate about the entertainment industry, especially music, and real estate investing! 

Entertainment doesn't pay well until you work your way up the ladder, so I see real estate as an avenue to financially support myself.  

I'm trying to figure out if I want to:

A) first focus on buying several rentals that could support me (through rent) as I also navigate my other interests, or 

B) sell my property for around the ARV and grow my equity as I keep flipping houses until I decide to for example, buy apartment complexes.

My current real estate goals are to one day own apartment complexes with many units rather than many houses with smaller units. 

To all my experienced investors, would route would you recommend I prioritize first?

Happy Investing!

Biggest mistake of my life, was not keeping 50 or so more of the 500 I flipped in Cleveland, cost me millions.  David, wealth is built not flipped. Now depending on where and how much you are all in can make a difference. Feel free to reach out I a more than happy to give you suggestions.