Hey BP forum!! This is my very first post on this site and am very excited to hear your feedback. Let me start off buy saying that I am the newest of newbies, although I have probably read at least a dozen books on real estate I haven't made my first deal, yet.... So if there any of you guys out there who've been doing this a while and you wouldn't mind me bombarding you with questions (especially in the Jacksonville, Fl area) then please PM me.
Well anyways, I absolutely believe that buying and holding cash-flowing real estate is the best way to create wealth. However, I have zero capital so I was toying with the idea of fixing and flipping a few properties to get started and then switch to a buy a hold strategy. What would you guys recommend? Should I flip a couple of properties first or just buy and hold?
Some considerations:
- I plan on using a hard money loan to accomplish this, unless I can find a private investor? *hint hint*
- I have already read the entire ultimate beginner's guide
- I live in Jacksonville, FL
- I am a professional barber, for those future mentors of mine who want a free haircut in exchange for your expertise :)
Thanks in advance!
Alex
