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Updated over 9 years ago on . Most recent reply
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Master 1 investment vehicle to begin OR learn several ways???
Goodmorning BP!
Should you focus on 1 investment vehicle (such as flipping or wholesaling or leasing or holding) and try and master that one specific vehicle or should you learn how to do all of the above so you can appropriate which vehicle to use for certain situations.
This is not for an advanced investor but for somebody starting out with a couple flips under there belt.. Whats your opinion BP??
Thanks
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- Flipper/Rehabber
- Arlington, TX
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A progression for new investors might be:
- Start with wholesaling (ugly houses, high equity scenarios)
- Add lease options (pretty houses, low equity scenarios)
- Advance to rehab flips using OPM (other people's money, hard money, etc.)
- Evolve to rehab flips with your own money
Somewhere along the way, GET YOUR LICENSE so you can:
- List houses
Because... you can list a lot more houses than you can get under contract, plus over half the people that contact you will actually want full retail price for their property or close to it, so be prepared to do SOMETHING with those guys to make $$.