Quote:
Originally Posted by recycled sixtie
Return on investment ...... Investing in real estate typically 5.5%.
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If investing in income-producing rental property, this can be a close number. If flipping fixer-uppers, the numbers can be quite lucrative.
As long as:
-You buy the right homes
-You buy at the right prices
-You get the work done quickly
-You list at prices that result in a quick sale.
I've done both- Long-term rentals, and quick flips. Which way to go?
Quick flips offer quick cash, but keep you very busy
Long-term rentals offer a passive income that allow a very flexible schedule.
The way it has worked for me is after the long-term rentals are up and running smoothly, I can do a flip on the side. Best of both.