I'm still relatively young and poor, so I don't want to rush into anything too extreme for my first go around.Should I buy and flip a house or buy a multifamily home and lease the other part?

(http://www.stuff.co.nz/business/65176275/auckland-...)Its virtually impossible to find positive cashflow unless you have a massive deposit or renovate/add value after purchase.I've done a tiny bit of research into commercial investing - and the numbers up front seem to be fairly similar to residential, just bigger.

Either way, I'm extremely happy with my purchases!

I'm in NYC, where prices are extremely high, so from my perspective wholesaling is not something that a licensed agent needs to explore.

Google loves real businesses that provide value to their users and the local game is so fragmented that the competition for commercializable terms is extremely uneven.

It is extremely risky/foolish to buy without calling a title agent and having them run a quick check to make sure there are no government liens against the property or the owner.

The Kern has had three exceptionally bad years in a row...where up north actually had a pretty good snow-pack the first year of our extreme drought.    

:Granite counter tops are extremely durable.  

(for investment property not homeowner mortgages) The low sub 6% rates we have had for a decade are as extreme or more so that the run up of prices in the boom.  

It can be extremely profitable.