Starting with Ideas

[Jaquon Miller]

Looking for general thought & tips. Anything would be appreciated.

Just started my investment journey house hacking a duplex that I will be looking to convert into an investment property. While I look & wait for the next house hacking opportunity , I've identified identified Value add as the long term strategy I’m most interested in.

I am looking to get started with Fix & Flips and also BRRRR to get experience with Rehabs with a focus on using OPM. From there I am thinking to scale to MF Syndication where I can use the skills learned through the previous strategies. Any general thoughts?

[Wale Lawal]

@Jaquon Miller

A strategic strategy is necessary when investing in real estate. Learning about techniques such as multifamily syndication, BRRRR, and repair and flips is the first step toward success. Make connections with lenders, contractors, agents, investors, and mentors to acquire valuable information. Analyze market circumstances, project remodeling costs, weigh risks and rewards, and do extensive due investigation on possible investment properties. Use Other People's Money (OPM) to fund transactions with minimal cash outlay, but be sure to arrange transactions sensibly and reduce risks.

Begin with lesser initiatives to obtain expertise and build a track record, then progressively scale them up. Remain adaptive and flexible since circumstances around the market, finance available, and investment possibilities are subject to change. Prioritize constructing long-term wealth, striking a balance between immediate rewards and long-term objectives to generate passive income and lasting wealth. Since real estate investment is not a get-rich-quick strategy, be devoted and persistent. Success in the real estate market is achievable if you put in the necessary commitment, effort, and perseverance.

Best of luck!