004 - STRATEGIES - Buy and Hold vs Flipping, The mythical BRRRR
May 10, 2020•40 min
Episode description
FLIP vs BUY AND HOLD
- Flipping is job
- Buy and Hold is a long-term investment
- (If successful) flipping = near-term cashflow
- (If successful) buy-and-hold = more wealth
BRRRR
- Easier ways exist
- Need a good deal, good contractor mgmt, and good landlord skills
- Can't find a deal? Find a partner and be the money in exchange for their help