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Updated about 7 years ago,
First rental vs first flip
Sooo I’m bouncing back and forth between a rental (sfh or duplex) and doing a straight up flip. I’ve been working in the flipping Buisness but for someone else’s company for 2 years now. I am pre approved for a 100k loan and I’m worried about getting my first rental and being stuck not being able to get approved for another mortgage for a year. I want to keep moving foreword building my real estate empire. My goal is to accommodate rentals but the money in flipping may really help me starting out.
Any feedback would be awesome. Let me know what you would do.