Choosing a Real Estate Investing Strategy

Let's Talk Real Estate Investing with Sharon Vornholt

English - June 15, 2023 10:00 - 9 minutes - 8.67 MB - ★★★★★ - 102 ratings
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Previous Episode: The Power of Professional Marketing for Real Estate Investors

Next Episode: Preventing Burnout for Real Estate Investors

Confused about choosing a real estate investing strategy? Today I have a reader question from someone that is trying to decide on an investing strategy. She thought that she needed to just “choose one.” Today I'm going over the pros and cons of the top 3 real estate investing strategies as well as why most investors have more than one strategy or skill set when it comes to their real estate investing business. It's definitely smart to have multiple exit strategies.

[00:00 - 04:18] Opening Segment

• Understand the strategies and learn about them

Become a master of one, but understand the rest

• The importance of knowing your numbers when buying property

[04:19 - 07:44] Maximize Your Profits and Minimize Your Risk with Multiple Exit Strategies

• How you can mix up strategies such as wholesaling, hold investing, and fixing and flipping

• Have a fund of extra cash to minimize risk in case something goes wrong

• Know your market, median sales price, and how to make money on the property the day you buy it

[07:45 - 09:28] Closing Segment

• Have multiple exit strategies in case the original plan doesn't work out

Resources Mentioned:

Get Your Freebies at the Louisville Gal’s Real Estate Blog

Key Quote:

"You need to have a clear understanding of your market today. You need to know how you'll make money on the property the day you buy it, and it's a good idea to have multiple exit strategies." - Sharon Vornholt

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Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.

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