Choosing the best best real estate method for you

[Karen Frederic]

Hi , I’m completely a new beginner in this real estate game and just tryna put my foot out the door.I’m creating a plan of what I want to achieve, I have a idea of what I want to do ,house hacking, but I guess I’m having second thoughts on whether this is truly the route I want to take or if it’s just the one my brain easily understands. How did you pick your approach? What did your thought process look like? What are questions and insights I should be looking into to figure out if this is truly the method for me?

[Jaron Walling]

@Karen Frederic Early on when I started my journey I realized there's two types of buyers. 

1. Conventional Buyer - these people love houses, they like trendy modern styles, and a house is one if not the biggest purchase they ever make. They live in said house for 5-10 years, sell, then buy another bigger house. It takes them years to truly build equity because they constantly "reset" there loans when they move. Not saying to it's a bad thing but it's not really winning with real estate. 

2. Investors - these people love properties, numbers, challenges, distressed deals, and future potential. They like systems and building a team. They live in said property(s) for a few years but it's NOT the biggest purchase they ever make. Usually it's average size purchases, live-in-flips, or house hacks that jump start the journey. They make it to the principle pay down period on amortized loans with rental properties. They actually win with real estate.