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Updated about 1 year ago on . Most recent reply

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Dre Renfroe
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need guidance please help

Dre Renfroe
Posted

What is the best strategy to use in Orlando when first starting out? Fix and flip, wholesale, buy and hold? Looking to build a portfolio and need someone I can trust/partner up with

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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
Replied
Quote from @Dre Renfroe:

What is the best strategy to use in Orlando when first starting out? Fix and flip, wholesale, buy and hold? Looking to build a portfolio and need someone I can trust/partner up with

I don't know that there's one size fits all best way to start. It really depends on a number of factors. You essentially have three things around real estate investing; Knowledge, money, and time. In most cases you need two out of three of these in order to start investing in real estate. If you have knowledge and time, you can use your time and knowledge to go find deals. If you have knowledge and money you can oftentimes leverage somebody else's time to go find deals. If you have money and time well then you can really pour gasoline on your portfolio. Most people when first starting out only have one of the three. You'll want to find a partner that has one or both of the other components that you're looking for.

The other things you can do to get started right away is get involved in the local Real Estate investor community. Here in Orlando, there are multiple Real Estate investor meetups that happen on a monthly basis. Consider joining one of these groups or attending these meetings so that you can get to know other people and potentially find a future business partner if you need one.
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