What is the best strategy ?

Question

There is a ton of different real estate strategy’s , and I wanted to know your thoughts on which is the best and why.

Greg Goodman · Answer

@Quinton Huntley you can make a lot of money with a lot of different “strategies” every single market is different, with every single part of the real estate cycle your strategy will be different. What’s the best strategy for you may be very different for someone else. Look at what you want to accomplish and pick a route to get there. What ever you decide to do focus on learning everything about that specific area. Are you going to do wholesaling, are you going multi family are you going to house hack? There are a lot of ways to make money pick one and learn about it, become an expert.

Dennis M. · Answer

I’m no expert and I’m not seasoned or as wealthy as a lot of folks on here but what I have seen play out with others and in my own portfolio has me shifting my focus to the following strategy

buy Older duplexes triplexes and quads and do “buy and hold” apartments in c and d class neighborhoods acquire these through off market means using creative financing and tax sales

use the cash flow From said apartment houses to acquire cheap off market fixer upper single family homes and sell them on lease options to tenant buyers or owner finance them off for 15 year terms at 9.9% amortization

I do not  waste time or money renting out single family homes . ( not enough returns) Multi family is my only rentals .. single family is for selling off

Quinton Huntley · Answer

@Jim Goebel

I get that, how different people use a ton of different awesome strategy’s. But what strategy do you or would you use and why?

Jim Goebel · Answer

@Quinton Huntley

Kind of like the question: What is the best business strategy?

If I was at Stanford in the mid/late nineties and was doing research on the best search / crawling algorithm on the web, then the best business strategy would have been to get into search.

However, 7 years later, probably not.

It really depends, a lot, on a lot of things.

What is the best strategy ?

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