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  1. To find a flip deal you must live the area, get to know the hollerers, know how to evaluate a renovation value very quickly, evaluate a sale value very quickly -

    The difference between a quality flip and a painful fall due to incorrect pricing -

    It is very thin

  2. Both types of investment are in fact techniques of a serious entrepreneur who wants to develop real estate
    Buying assets brings a lot of wealth beyond return and rent and that's the real money to be a millionaire
    Look at how much a property bought 20 or 30 years ago today
    This requires patience
    Flip is quick twists that allow you to accumulate cash that may be the down payment for long-term asset acquisition
    So in fact the combination of the two is right for my taste
    Of course you have to learn the subject and everything about it
    There are lots of ways to learn and lots of courses online some are better some are less paid and some are free
    The best way to do this is to study closely with a mentor who will paste the materials and workflows in the right order
    Willing to answer questions in private too

  3. Flip is cool and exciting.
    A few things: Many of us are at the end of the cycle, so identifying a worthwhile deal for a flip is becoming more and more challenging, I am currently in the process of locating and entering 2-3 contracts a week and dismissing most of them, as viability is slowly eroding and leaving you without "meat".
    You will come up with parameters that are right for you in the clip and will update your partners on the way. It is important to coordinate expectations.
    Choose your team carefully based on relevant experience.
    Ask lots of questions.
    You will learn full… If you have the option to connect with someone to study with him go for it.

  4. Agree with everything said I'll add a few things:
    1. In my opinion, a flip is more risky and requires more knowledge and connections in the local market.
    2. Flip fits someone who doesn't have the patience (and money) to settle for a long time but is willing to pay 25% capital gain tax (painful)
    3. Long term rental (good house in good area) The risk of loss is zero (but bear in mind the inheritance tax issue!)
    4. Long term rentals have a chance of surprises, after 3 years gone air conditioner, after 9 years have to replace a roof, those who do not properly manage these future expenses will find themselves suffering and sometimes losing.

  5. 2 investment types are completely different. One short range and one long tewell. In order to get out of the mouse circuit, it is advisable to have as many long-term, long-term income-producing properties as possible.
    A flip in my opinion alone is equivalent to a round on a stock can succeed can be dangerous. Requires a lot of renovation work etc. I invest T. long so that from me you will not get an answer which is better because you already understand…

  6. Hi June. Glad you're with us. The main question is whether you want to learn to be an entrepreneur with the potential for significant one-time gain (or loss), or if you are more focused on passive investment with low income over time - there are some previous discussions on the subject and of course we would love for forum members to share their experience.