To Wholesale, Flip or Buy and Hold?

To Wholesale, Flip or Buy and Hold?

Investor · Rochester, NY · Member since 2014 · 48 posts · 39 votes

Hello, any feedback would be appreciated. 

First BP was a god send when I got started in real estate investing. It was like drinking from a fire hose when starting out, there was so much information and so many different strategies. It was hard to know where to get started... Glad I stuck with it 5 years later I'm in a whole different place in life. Thank you Bigger Pockets. 

For me, my biggest hurdle was analyzes paralysis, knowing what my exit strategy was going to be, based on my specific goals... Wholesale, Flip, Buy & Hold... Short Term / Long Term rentals, house hacking, etc. 

Curious what others in the community struggled with / currently struggle with in pursuit of their financial freedom?  

Thanks!

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Nathan GesnerBusiness Member
Moderator
Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
3y
Quote from @Brett Schickler:

I don't struggle with anything. It's a slow and steady plod. I would like to see more deals on the market, but it's hard to complain when the last six years were so good to me.

The DIY Landlord Book4.7247 Reviews
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  • Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
    3y
    Quote from @Brett Schickler:

    Hello, any feedback would be appreciated. 

    First BP was a god send when I got started in real estate investing. It was like drinking from a fire hose when starting out, there was so much information and so many different strategies. It was hard to know where to get started... Glad I stuck with it 5 years later I'm in a whole different place in life. Thank you Bigger Pockets. 

    For me, my biggest hurdle was analyzes paralysis, knowing what my exit strategy was going to be, based on my specific goals... Wholesale, Flip, Buy & Hold... Short Term / Long Term rentals, house hacking, etc. 

    Curious what others in the community struggled with / currently struggle with in pursuit of their financial freedom?  

    Thanks!

    In a lot of cities it isn't a good time for people to begin doing flips. Flipping is hard enough when prices are going up.   

    I'm still buying some rentals, some to sell and I look at each property for best use. I'm just buying considerably below what I used to buy at.

  • Jerry PuckettPro Member
    Wholesaler · Fort Worth, TX · Member since 2010 · 1k+ posts · 1k+ votes
    3y

    Hi @Brett Schickler

    Currently? One Party rule, inflation, supply chain...Have you seen the price of lumber lately? Sheesh. 

  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    3y
    Quote from @Brett Schickler:

    I don't struggle with anything. It's a slow and steady plod. I would like to see more deals on the market, but it's hard to complain when the last six years were so good to me.

    The DIY Landlord Book4.7247 Reviews
  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y

    In this market I would buy & hold/wholesale

  • Investor · Rochester, NY · Member since 2014 · 48 posts · 39 votes
    3y
    Quote from @Eliott Elias:

    In this market I would buy & hold/wholesale


     How do you decide between the two based on your goals. Do you have a tool that helps you track your macro goals so you know which actions to take? Or, more of just a sense you get from each deal? 

  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y
    Quote from @Brett Schickler:
    Quote from @Eliott Elias:

    In this market I would buy & hold/wholesale


     How do you decide between the two based on your goals. Do you have a tool that helps you track your macro goals so you know which actions to take? Or, more of just a sense you get from each deal? 


     If I don't like the area I'll wholesale it 

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