Why you should flip property. In today's real estate markets, you could find a dozen books, articles, and even infomercials about buying and holding property. "It's a once in a lifetime chance they say! - This will never happen for another 10 to 20 years..." Despite the fact that this may be true, I don't believe it's the best strategy, especially for a beginner.
I do agree with the buy and hold technique as it will help you amass long-term wealth, however my I suggest you try to flip property first, before you try the buy and hold technique.
Flip Down Tv
Let me explain...
For many of you beginners that wish to learn how to invest in real estate, it's important you build a strong cash reserve first. The only why this will happen is if you learn how to flip property from the beginning and then move onto holding for long-term.
It's the reason why you decided to get into this business in the first place, to make money.
The problem with buying a rental property is your cash poor. Sure you can earn rental income every month but that's it. You only get to buy one or maybe two if your lucky and then what. Your business is at a stand still because you have no money or credit left to continue buying and holding. In my opinion, this is the slow and cash poor way to start investing.
You're in this business to make money and make money fast. Forget about rental income for now and focus on learning how to flip property.
Learning how to flip property can help you amass a fortune quickly. It's not for the weak at heart to say the least but if you can learn the needed skills it takes to flip property, you can earn huge profits in as little as 90 days.
Can you imagine if your were able to buy and flip, four to six properties a year. "That's over 0k in profits." In fact, flipping four to six properties a year is very doable and in today's real estate markets, finding the deals is not that hard, provided you've taken the right steps to educate yourself first.
Once you master how to flip property you can move onto holding for long-term income but for now let's put some money in your pockets. Don't be fooled by what you hear on the news or TV infomercials, educate yourself first and stick to flipping property. You'll be glad you did.
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PYLE PLVWR1440 14-Inch High Resolution TFT Roof Mount Monitor and IR Transmitter Feature
- 14'' TFT Active Matrix System - High Resolution 1024 x 768 - Wireless Remote Control
- English OSD Menu - 2 AV Input - DC 12 Volt Power Supply
- NTSC/ PAL Color System - Built-In IR Transmitter for Use with IR Headphones - Dimensions: 13.5'' x 11.7'' x 1.25''
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- 45˚ Swivel Screen - Dual Dome Light Universal Roof Mount Console
PYLE PLVWR1440 14-Inch High Resolution TFT Roof Mount Monitor and IR Transmitter Overview
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