Helpful Investing Strategies to Get Started In Real Estate
Option 1- Flipping Properties
Flipping Properties Pros & Cons
Pros:
1. This Strategy helps in quick capital growth. 2. You make great profits. 3. You have control on money returns and renovation level. Cons: 1. It is full time job. 2. Income stops unless you find good financial deals or done with renovation. 3. You can stuck in middle if home selling takes time or market is down.
Option 2- Buy & Hold Property To Rent
Buy & Hold Property To Rent Pros & Cons Pros 1. Great source of passive income. 2. Rent property with Less work. 3. Expenses can be met with Tenants rent. Cons 1. Slow process towards wealth. 2. Need many homes to make enough cash flow for living. 3. capital shortage if you're using it for down payments
Option 3- Buy, Rehab, Refinance, Rent and Repeat! (Most Liked)
Buy & Hold Property To Rent Pros & Cons
Buy, Rehab, Refinance. Rent and Repeat! Pros: 1. Can 2. Can 3. Can yours. 4. Can
create value by renovating house. refinance property at high value. pay out the original loan and the surplus cash is repeat this process forever!
Cons: 1. Requires a smart buyer. 2. If the property isn't bought correctly to start with, this situation could turn out negatively. 3. It also takes a fair amount of work, but very worth it for those willing to make it happen!
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