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Updated about 7 years ago, 10/21/2017
Hello - How Do You Pick Your Strategy?
Here goes my first post. ;)
I'm your classic newbie learning the ropes and trying to figure out how to tackle this real estate investing thing. I'm hoping to eventually quit my full-time job and be able to focus on building immediate and long-term cash flow. There are so many investing strategies I could use: wholesaling, flipping, buy and hold, multi-family, foreclosures, short sales, crash pads, trailer homes, etc., etc. So how do I pick? I'm wondering if it's best to try a little bit of everything until I figure out what I like or if it's dangerous to have too many strategies. I can anticipate pros and cons to both ways of thinking. Is it dependent on where my market is? or will each strategy work anywhere? Does anyone have any advice?
Thank you in advance and I'm excited to join such a great network of people!