Leave All of the Real Estate Philosophy Behind
At some point you need to leave all the real estate philosophy behind and go straight for the nuts and bolts of how to get the thing done. How do you, Person Sitting in Chair, become a real estate investor? You just have to handle it well while it’s yours and not allow the bank to end up owning it. With a little learning, that isn’t that difficult a thing to accomplish. If you are from my home town, I recommend that you search the Minnesota mls listings to start out - this is a great way to get a feel for the opportunities that are available out there on the market.
Ultimately, however, whether you flip a property or hold it depends on what you would rather spend your time doing. Perhaps you thrive on the fast-pace workday that flipping entails. Maybe the adrenaline rush feels like an adventure to you. In that case, you should learn the proper way to flip properties (i.e., wait until you actually own a property to sell it and don’t approach buyers at the very closing where you acquired a property).