Hi friends,
My husband and I want to start investing in Maryland real estate. He's a real estate agent and I have a separate 9-5.
We're in an interesting and flexible situation that leaves us with a few options and wanted to get opinions on what you all think the best investment option would be.
We both currently have excellent credit and about 50K in cash ready to use for a down payment.
Currently we are renting by choice because we are not sure if we are staying in Maryland permanently. We have the option to move out of state with my job in 1 year, but won't know until a few months out.
That being said our lease is up at the end of July and we must decide to either renew and keep stupidly paying someone else's mortgage....and then invest in buy and holds with the Brrrr strategy or start flipping.
OR...
end the lease and do a live-in fix and flip and either rent it after the year if we move...or possibly sell it after year 2 to qualify for capital gains exemption.
Which of the options is more beneficial?
Pros and cons to each?
Any input would be helpful!
Thanks!
Ashley
