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Updated over 14 years ago on . Most recent reply
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Wholesale or Flipping?
I'm not sure what is more feasible for an investor starting out...
Is it getting a good deal and passing it on? Or getting a good property and flipping it?
Either way, I know I'm going to need bandit signs and start frequenting the local REI clubs to network...but do you guys think I need to be 100% committed to a strategy?
Or is being flexible not a bad idea?
Thanks in advance.
SL
Most Popular Reply
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I think it is good to be flexible. The effort required to identify a good deal is often the same regardless of whether you wish to pass it on or flip it. Depending on your resources, you may find a price point (or extent of rehab required) that you feel comfortable doing the flip yourself and other price points where you feel more comfortable passing it on to someone else who can execute better.