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Updated over 7 years ago on . Most recent reply
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What are the bread and butter properties?
I'm very new to the game (still working on getting my first house). When looking for investment properties to buy and hold and maximize cashflow, what are the bread and butter properties? SFH? Multi-family? Commercial? What price range? HUD? Do you have to find off-market deals to have a chance at hitting the 2% rule? Do you market like a wholesaler and buy the properties yourself? Is there a sort of basic strategy that works well in the Oklahoma market? Just looking for a bit of wisdom from those of you who have been in the game.
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Bread & Butter are generally 3 bed/2 bath homes which sell or rent quickly. These should be your target market in the beginning. That way if you mess up a bit, you can get out easier than most other types of properties.