Investment property - rental or fix and flip

[Zack Heath]

I'm looking at buying my first investment property around the 30k price that needs tlc, hope to do work to it (20k max)and turn it into closer to a 90k property in my area. If it goes through, I don't know if I want to/should buy and hold for rental or fix and flip. Doing the investment on HELOC and this will consume half of my available capital. This will be my first investment experience of hopefully many. I have a lot of carpentry background, so sweat equity is hopefully in my favor, but this is the first time I have the capital available to do so.

Any suggestions?

[Zack Heath]

@Ryan Howell that’s true, thanks for the input. Main goal is just to make it worth it in the end. Looks like buy and hold for rental is usually going to be the best way to me.