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Updated over 6 years ago,
$10k to invest..... Hard Momey Fix & Flip or Rentals....
So I am as new as it gets to real estate investing and I want to start investing and making passive money so bad I can’t stand it! I literally wake up to audio books and go to sleep reading the forums on BP. I have $10,000 to invest and I can not decide what the best method for me to invest is.
On one hand I want to buy a rental property and start earning passive income immediately. But thinking further down the pipeline I’ll just have to save more money and wait to buy more when I have some money to put down.
On the other hand would it be smarter to put that $10k down and use some hard money to fund a fix and flip, build a solid portfolio and use the profits from a flip to buy rentals and repeat this process???
I know there is not one specific way to Invest bUt for someone lIke me that Is startIng and looking to invest long term what would you suggest I start with????
Thanks in advance!!!