It depends on your strategy.

Sure, there are going to be people who fail but if you truly try and make your best effort and do your own due diligence by evaluating these properties, inspection, ARV, etc. and really learning the strategy of both BRRR and turnkey fix and flip, it will work.You need to build a strong and trustworthy team on the ground.People nowadays quit the second something gets hard.

Sure, there are going to be people who fail but if you truly try and make your best effort and do your own due diligence by evaluating these properties, inspection, ARV, etc. and really learning the strategy of both BRRR and turnkey fix and flip, it will work.You need to build a strong and trustworthy team on the ground.People nowadays quit the second something gets hard.

That was my primary strategy when I bought my house and it is working out great! 

Here are the questions I would have before I can give you an answer:1 - What is the rent/mortgage payment/monthly taxes/monthly insurance on each property?

But without a value-add strategy you're simply not going to cash flow with that sort of strategy.

Posting the same question in multiple forums.After reading through, I learnt the lessons and applied it as regards questions I would normally ask about my interest in wholesaling as a strategy to starting in the Real Estate Industry, I realize a whole lot of persons had same questions and I learnt from the Responses on the various discussions.It also changed my perspective in the way I approached the vets in the house, right now I just want to connect, I mean we are seeking financial freedom and for most of us that is time to do what we want and if I don't have regards for your time by being valuable to you, then I don't regard you enough.

You'll definitely want to make sure you have some waivers put together if you go that route though, as well as getting the appropriate additional insurance coverage for using the boat as a rental.  

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I plan to get a property later this year and employ the house-hacking strategy (I already have the funds for downpayment and closing).