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Updated about 10 years ago,
Career change. Cash to invest. Which route to go?
I've been taking steps over the last few months to actively pursue career change in real estate. I have some experience with buy and hold but I'm trying to figure out the best route to go. It is likely that I will walk away from the sale of my current business with 200-300k to invest. I'm not certain which route to go. Buy and Hold? Fix N flip?
I've been doing a lot of reading on here lately and I'm still somewhat up in the air. I've read J Scot's books and like the idea of not dealing with renters but I'm also looking for consistent cash flow and I'm not certain I will come across enough deals to make that happen. I don't have any interest in actively seeking deals through marketing and mailers and would likely get most of my deals from the MLS, foreclosure.com, and/or wholesalers themselves. (this may be naïve of me but I'm just being honest as I have NO interested in all the letters and marketing etc.)
I'm not looking for answers.... just input from experienced investors.
Any ideas? Thoughts? Suggestions?
I appreciate it!
Ryan- West Michigan