Iteration is the most important piece of real estate investing. Repeating the investment process is taking numerous different real estate related paths to financial freedom. At the very least, in your first deal you got out the kinks, now it’s time to do it again!
At some point you’ll have the financial means, or the confidence in yourself to upgrade your house hack. This could be done through a multitude of options like purchasing a bigger property, finding a higher rent market, buy higher ARV property, shift to a multi-family strategy. All of these options will either increase cash flow while holding a property, or profit after you sell. Our FTHB agents can help guide you in the right direction.
This housing type is often seen as the best for anyone who has the cash to secure it. It allows an owner to space out the rehab of different units, they can easily rent out their space to tenants they don’t have to interact with often and as a bonus multi-family properties often have the strongest cash flow. If you’re looking to purchase anything over 4 units, reach out to Jenn Haffner, our commercial multi-family specialist.
Typically what is seen as real estate investing, fix and flips require the most cash on hands, but if you’re surrounded by a good team of contractors, lenders and brokers, this can be a quick hands off process to make a lot of money. Check out our team of acquisition brokers if you’re interested in doing a fix and flip next!