Choosing a Real Estate Investing Strategy

Choosing a Real Estate Investing Strategy – Episode #422

Confused about choosing a real estate investing strategy? Today I have a reader question from someone that is trying to decide on an investing strategy. She thought that she needed to just “choose one.” Today I'm going over the pros and cons of the top 3 real estate investing strategies as well as why most investors have more than one strategy or skill set when it comes to their real estate investing business. It's definitely smart to have multiple exit strategies.

[00:00 – 04:18] Opening Segment

Understand the strategies and learn about them
- Become a master of one, but understand the rest
The importance of knowing your numbers when buying property

[04:19 – 07:44] Maximize Your Profits and Minimize Your Risk with Multiple Exit Strategies

How you can mix up strategies such as wholesaling, hold investing, and fixing and flipping
Have a fund of extra cash to minimize risk in case something goes wrong
Know your market, median sales price, and how to make money on the property the day you buy it

[07:45 – 09:28] Closing Segment

Have multiple exit strategies in case the original plan doesn't work out

Resources Mentioned:

Get Your Freebies at the Louisville Gal’s Real Estate Blog

Email your questions to me at sharon@sharonvornholt.com

Key Quote:

You need to have a clear understanding of your market today. You need to know how you'll make money on the property the day you buy it, and it's a good idea to have multiple exit strategies. – Sharon Vornholt

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