Flipping houses, where you buy a property, renovate it, and sell it for a higher price, is an example of a short-term strategy.Both long-term and short-term strategies have their advantages and risks.Long-term strategies offer stability and the potential for steady income, while short-term strategies can provide quick profits but may involve higher risks and more work.The key is to choose the strategy that aligns with your goals and risk tolerance as a real estate investor.5.2 Portfolio DiversificationWhen you hear the word "portfolio," you might think of an artist's collection of paintings.But in the world of finance and investing, a portfolio is a collection of different investments you own, like stocks, bonds, or real estate properties.Diversification is like having a variety of colors in your art palette.Imagine you have a basket of apples.

People will be more inclined to invest in an out-of-stater if they know the potential of the area they live in. 

As long as the numbers work now and (potentially) when you move out, go for it.I purchased a house almost two years ago (my 4th) that was my highest ever (monthly and interest rate).

That market has a certain level of requirement to "unlock" that full potential revenue stream. 

In April, a new transfer tax on residential and commercial real property went into effect, potentially impacting hotel values.

Reach out and I can help you run the numbers on potential investment out there. 👍 

Calculate the potential ARV, rents, renovations costs versus ARV for Max LTV.The mentors are supposed to be the professionals helping you and ultimately it’s down to just picking your team!

To be confident moving forward, I would check Rent comps for my terminal product's units, draw that up into GOI, calculate expenses or just multiply by 0.7-0.75 to subtract annual expenses (utilities, maintenance, taxes, insurance, etc) and arrive at NOI, then subtract my other expenses (like debt/loan payments) over the year, to see what we're looking at in potential CF once fully stabilized.

The cash flow potential and the A class area of town!

Let's connect and explore potential collaborations.