How You Can Make A LOT of Money In the Recession
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Same, a real estate investor with a $40 million portfolio, discusses three key strategies for investing in real estate during a market crash. The first strategy is wholesaling, which involves getting a property under contract to purchase on a sheet of paper and then selling that paper to someone else who has the money and credit to close on the property and fix it up. This is a low-risk, high-reward strategy that is ideal for brand new investors who don't have any money, credit, or want to take any risks. The second strategy is fixing and flipping distressed properties, which involves buying a property, fixing it up, and selling it for a profit. This strategy can be lucrative, but it involves more risk than wholesaling. To minimize risk, investors should focus on quicker rehabs, such as cosmetic rehabs that only take 30-60 days to complete. The third strategy is holding rental properties, which is a great long-term investment strategy. While the value of rental properties may fluctuate over time, as long as they are managed properly and rent is collected, the value of the property does not matter. Real estate traditionally doubles in value every 15-20 years, so even if the market dips in the short term, the long-term outlook is positive. Overall, Same advises investors to focus on buying good deals and managing properties properly, rather than trying to time the market perfectly.
Same, a real estate investor with a $40 million portfolio, discusses three key strategies for invest