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Updated over 6 years ago,
First investment help
I’m not sure if this is the right section to post this question, but I literally have hundreds of questions and am extremely overwhelmed.
ANYWAY:
I am ready to jump in and buy my first investment property but I originally planned on fix and flip single family homes, and now I’m thinking I should not close off buying a house to rent.
The problem is I do not understand how I get my money back with a rental? It is clear that with a fix and flip the money invested will come back once the house is sold and then I can re invest my profit, but if I put a 20%down on a rental how do I get my cash back out of that house to re invest? I have saved up 65k which I know is not a lot to some but to me it is and I do not want to put it all (or a big chunk) into one property to make an extra $300/400 a month and no way to continue investing...
What am I missing here?