What’s the better option for investing in real estate, buying a rental or flipping?

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LaurentG
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What’s the better option for investing in real estate, buying a rental or flipping?

Post by LaurentG »

Buying property with little or no money down is easy.

You make your money buying right. I mean below market.

This is easy 1) If you look at a lot of deals

2) pick up ugly ducklings & beautify them.

Flipping? Not so easy. It means selling at a profit after closing costs,
attorney fees, planning permits, commissions, taxes. Not one person in a
hundred can just “flip” their first deal at a profit. Real estate is
like playing the piano or learning to be a surgeon. You need to study,
know the market. You could read my book, /Think Like A Tycoon/ for some
thoughts on the matter. In my own case, after I had over 250 deals under
my belt, It was still a fairly rare event when I could flip or do a near
simultaneous buy and sell.

Peter Taradash.com <http://taradash.com/>
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