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Thursday, April 19, 2012

Do I Flip This House or Do I Rent It?

In the last post I mentioned that after many offers I have gotten two of them in the final negotiations stage. In that post I went over the one house that I am considering keeping as a rental. The other house I have under contract has a 50/50 chance of being a rental or I could fix it up and try to resell it...otherwise known as flipping.

 In order to make this decision I need to consider several things:

Friday, April 6, 2012

Have I Found My Next Real Estate Investment?

Just thought I give you a quick update on what is going on with the investing activity since the last update. Well, the entire month of March was spent making offers on both a property to buy and hold as a rental and also looking for a property to rehab and sell. 

One thing I have learned is that the business of real estate investing is very challenging in the sense that there is rarely a steady flow of work. At times it seems like a "all or none" type of situation. Either you have a deal(s) that is going to make you money in the near future or you don't. 

So a big part of making a living and/or making progress towards achieving your financial goals in this arena is to always be doing something to get that next deal into your pipeline. Whether it is making offers, looking for motivated buyers, staying in touch with your wholesalers/agents/network or any other source that can bring you in a deal. You always need to be working on that next deal, even when you have one in hand...