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Updated over 6 years ago,

User Stats

60
Posts
20
Votes
Mandi Martinez
  • Flipper/Rehabber
  • Tampa, FL
20
Votes |
60
Posts

First investment help

Mandi Martinez
  • Flipper/Rehabber
  • Tampa, FL
Posted
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?

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