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Updated almost 5 years ago,

User Stats

274
Posts
61
Votes
Pete Storseth
  • Investor
  • Houston, TX
61
Votes |
274
Posts

Best way to get started

Pete Storseth
  • Investor
  • Houston, TX
Posted

I want to pick one of three ways to get into buy and hold, seller finance, and fulfill my big picture goals.

My niche will be BRRRR with the intent of finding tenants open to buying via owner finance at some point, in order to get out if full time landlording multiple properties, but still have cash flow.

Option 1, pay for coaching to get properly trained on finding off market deals subject to and seller financing. Regardless of whether anyone agrees with paying a coach, these are strategies that require alot of support.

Option 2, get my realtors license and use the first 2 commissions to finance my deals, use the MLS to find seller finance deals along the way. This is a more traditional education, but along with the research and development I've had recently in creative real estate, it could he best of both worlds.

Option 3, niche down to a specific marketing strategy and find a partner. This one will have a timeline. It's a less structured approach, with more uncertainty and less support. It's also the option with the least clarity to my goal. However, it's the least expensive choice.

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