Creating An Investing Strategy
I am just starting out in the real estate game and am starting to narrow down the strategies I plan to use. I had the idea to use a lease to own strategy as a more passive income as well as a long term investment, and then also do a fix and flip strategy as a sort of active approach to real estate. I was wondering if this approach would be a waste of time considering I am splitting my time and resources to two different startegies at the same time?
Hey @Caleb Rehg, welcome to BiggerPockets!
Rather than focusing on specific back-end strategies, I recommend you get your start by actively seeking out sellers with actual real-estate-related problems and then TALKING to them!
First choose an audience (tired landlords, preforeclosures, expired listings, out-of-state owners, etc.) and then get in front of as many as you can to talk about THEIR particular situation.
Learning to connect with sellers and get them to open up to you is a KEY skill in this business. The more practice you can get doing that, the better an investor you'll become!