First investment ever

[Bo Davis]

Would a fix and flip be the first project someone should tackle if they are new to the business? Or would something like an STR be better to get into the business? Any advice is helpful!

[Edward Dean]

Why not find a property that could work as both? Go in with a goal of fixing and flipping it for a profit but make sure it would also work as a rental so you have a plan B (bonus points if the deal works as a short, medium, and long term rental). That way if the market moves on you or you go a little too heavy on your reno, you don't have to sell at a loss. You can rent it and then sell it or refi your money out down the road.

Best of luck!