Buy and hold vs flipping vs wholesaling

[Account Closed]

So I've just read chapter three of the UGB. Looking at the three different strategies, buy and hold looks like the most feasible, but I have to say, flipping and wholesaling certainly look attractive. I just want to take the quickest route to being able to quit my job and live off of real estate investments. I'm eager to hear from investors who are currently doing this. How do you do it? What was your strategy?

[Ryland Taniguchi]

The path you take depends on your financial circumstances and your natural strengths. Are you good at marketing? Awesome at negotiating? Then off-market wholesaling maybe the route to go. Are you a gifted data cruncher and love spending 40/hours a week analyzing properties? Then making hundreds of offers on the MLS and wholesaling maybe the way to go. Are you strong in design or construction? These skills are needed for flipping. Do you have extra cash to spend and a six-figure income? Then go the rental route. Many ways to make real estate. Best to find your labor of love and the niche that best matches your skill set.

I am best at setting up businesses and building systems and great culture. So, I have set-up a wholesaling company, a flipping company, a realtor company, a hard-money company, and a construction company. Just playing to my strengths. Partnering with others to overcome my weaknesses. I split the profits on every deal but do more volume.