Question for Experienced Investors please..

[Greg P.]

Hello everyone. I'm just wondering, which of the two strategies will make someone very wealthy? Rehab or Renting out in this market? I've been lucky enough to accumulate a decent amount of cash from wholesaling and rehabbing, but feel like it's a very tough business in this market since if I don't flip houses then I don't make money. Does it get easier with rental properties? Which is the better way to go about this?

Thank you so much.

[J Scott]

While you can make decent money rehabbing/flipping, it's unlikely you'd make enough to get "rich" (at least based on my definition of rich).

Holding rentals is a great way to build long-term wealth and passive income, so if your time horizon is a decade or two (or three) out, and if you have the cash/credit/income to accumulate some properties, buy-and-hold is probably a great strategy.

And as Chris said, combining the two is a great way to go -- using rehabbing to generate income and then plow that income into rentals.