All Forum Posts by: Paloma Wodehouse

500k in capital gains would be amazing, but I assume that with that kind of profit the property would need to be in the upper echelons. 

I appreciate the advice! We hope to get into real estate investing by flipping homes, but we also understand it’s smart to diversify a little and have some longer term goals like rental properties. We are really open to it all and open to whichever avenue makes the most sense for us and is most lucrative, but we’re thinking that’s flipping first (since we’ll want to do a live and flip), then later buying rental properties in more affordable states with our profits. Thoughts?

Hello Community! 

My husband and I are looking to flip our first property. We have a lot to learn, but are excited to begin our investment journey. We are hoping to find something in the north or east bay with good potential. Prices are currently high, so we’re looking to educate ourselves on how to find a good deal. We also would love go learn more about tax savings and how go make the most of our money by continuing to roll our profits into new properties. All advice for us newbies is welcome. My husband is a contractor which gives us a leg up in flipping, but we are also curious about diversifying and buying rentals. Specifics on how to start are all appreciated! We hope to learn from others mistakes and wins. Thank you.