Choosing a Real Estate Investing Strategy

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

 

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

 

WANT TO LEARN MORE?

 

Connect with me through my website, Instagram, and LinkedIn.

 

Or you can send me an email at sharon@sharonvornholt.com 

 

Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.

 

Learn more about this podcast on iTunes or Stitcher.

 

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