Got approve for something

[Shane X.]

I got approved for a loan for $ 80,000, it's not a whole lot but it's a start and I have too start somewhere. I just need some advice/tips. Im not going to go look for a place right now or next month but maybe in 3 months I will begin my search. However I would like some opinions on what I should go for. I'm very much interstead in flipping and becoming a landlord. However with that money would my best bet be too rent and doing some minor upgrades? Obviously I have to look for houses that are maybe between 60-70K as my uncle is a contractor and said he would help me out and I'm very handy as well and I have some extra money on the side and my parents for backup funds. I just need some sort of opinions and would like to know my options.

Also is it a good idea to buy with tenants? What should I look out for?

Thank you very much biggerpockets

[Jim M.]

well, search this site and learn as much as you can. Flipping and rentals are two totally different strategies for your real estate business. It just depends on what your short term and long term goals are. Using the profits from the flips to put into the rentals is what my strategy is. Where are you located?