Biggerpockets community,
I need your advice.
I'm new to real estate investing and anxious to get into the game. I don't have much experience other than the knowledge I gained when I rehabbed my own residence and turned my basement into a rental (house hacking).
I see the value and benefits in real estate and like many want to get off the hamster wheel of life and start creating passive income using real estate.
What I need help with from experienced investors is your thoughts on what I should do first. It's the chicken and the egg scenario.
Buy a rental or two or fix and flips properties?
I question what direction to go into first b/c I could buy two rentals for $45K each tieing up my cash not allowing my to purchase more properties or I could fix and flip a property building up cash to fund some buy and hold properties.
Buying a rental or two first won't get me to the "freedom number" I'm looking for and tieing up my cash preventing me from moving my real estate investing forward doesn't seem to make since.
So maybe I've answered my own question. Fix and flip a few properties to help fund buy and hold.
Would love to hear your thoughts.
I appreciate your advice in advance.
Jason