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Updated about 1 year ago,
Strategies for Investing in Real Estate
Hey guys, I just wanted to post this on here and see what yall thought. I have been thinking about my strategy for investing and realize I need to change it, so pretty much right now I do dollar cost averaging in real estate lol, so I am not concerned with timing of the market, when I get the funds to buy, I buy ( and sometimes I buy even when I dont have the funds). This is all good but I dont believe it is the fastest way to grow my portfolio.
Some strategies that I am considering are:
Flip with HML then buy at auction - build capital to around 100k, then buy at Pre-foreclosure/tax auctions and flip the house for a larger profit and less work. The risks are obviously placing a big bet on a PF home and then taking a loss on the money I had acquired to begin with but with the higher risk, the reward to me seems like it would be greater as well. The plan would be to do about 10-15 flips within the next 3 years with the end goal being to purchase a larger MFH for cash flow and leverage the $ that I saved from the flips with either the one MFH or multiple properties. Has anyone done this?
Hybrid: Flip two properties then buy and hold one - this one would be more rewarding in the short term in my opinion because at least I would see my portfolio build which is my end goal anyways, but I know that I would have at least 25% equity tied up in the property that could be going towards the big push in the other strategy.
Continue to just buy and hold - Less risk and I am pretty sure I can reach my goals within 5 years, I just feel like that is not the most efficient way to do this.
Do yall have any thoughts on this or is there anything I am not thinking about?
- Taylor Dasch
- [email protected]
- 9727656563