What’s best for a noob? Flip or buy and hold?

[Jason Lopez]

So I’m quitting my oilfield job (12 yrs) so I can be home with the family more and I’m looking into trying to jump into real estate. I recently purchased my home in longscreek 78247 and was thinking of buying a couple houses here or in stone oak to buy and rent or would it be best to buy And flip a handful on the S/Ne/E side. Also those new 4 plexes and duplexes on the east side would those be good investment or not worth the headache as the area isn’t the best?

[Simon Castillo]

Hi Jason,

I think you need to understand your "why" questions and answers. Real estate investing is a great way to build wealth but you have to understand what your personal goals are and what you are willing to do to achieve them.

Flipping is not for everyone and carries the most risk of any type of real estate investing. You make the wrong assumptions or don't do all of your due diligence and you are on the hook for thousands of dollars.

Let me know how I can help.

Simon