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4 Timeless Real Estate Investment Strategies

By: Elite Legacy Education, November 15, 2017

An infographic from Visual Capitalist lists 4 timeless real estate strategies that will earn you profits for the years to come. Without further ado, here they are:

 

  1. Lipstick Flip

 

The Lipstick Flip is a real estate strategy where you look for properties requiring repairs costing less than $5,000 to complete. Of course, you make the repair once you’ve purchased the property before turning around and hopefully selling it for a profit. This is a very quick and streamlined method of house flipping.

 

Ideal repairs include flooring, new hardware or appliances, landscaping, paint, and more. You can make a decent profit in a relatively short period of time. The typical turnaround time is 45 days – that’s only 1.5 months!

  1. Buy and Hold

 

This is the classic real estate investment that comes to people’s minds. By buying a property and renting it out to a single or multiple tenant allows you to create a monthly income stream. You can use this to help cover the costs of financing and hopefully still have some left over as a profit margin.

 

The process starts when you first buy the property. After you must repair the unit so it’s in an acceptable livable condition that meets the landlord tenant act. You can decide how you want to structure the house and whether you will divide it into multiple living units. This will affect how many tenants you’re looking for, as well as the total rental price of the property. Once you find a tenant, you’ll want them to sign a lease so you can start enjoying your monthly income.

 

  1. Wholesale

 

When it comes to wholesaling properties, you are essentially flipping the rights to a real estate contract. This means you buy a property under contract (often at a low price) and sell it for slightly more – but still low enough so it goes quickly. Often you can complete this process in less than 30 days making it a great method for cashing in quickly and often.

 

It works best with underpriced properties that are distressed in one way or another. Often it’s recommended that you find motivated sellers to get the best wholesale deals. This way you can still set it up for a great deal for the next buyer, but at a profit since you got an even better deal. For those with lower capital reserves, this tends to be the best way to get your foot in the real estate market.

 

  1. BRRRR

 

The BRRRR method stands for buy, rehab, rent, refinance and repeat. Once you buy the property, you must fix it up so it’s in an acceptable living condition. Then you find tenants so you have a steady income stream from the property. You can then use this to refinance the property and help fund your next project. By refinancing the property, you are essentially getting your cash out and making it available for new opportunities.

 

A final word

 

Today's market is filled with many opportunities for the savvy investor. Our Elite Legacy Education trainers will introduce you to proven strategies that can help you launch your career as a successful real estate investor. Our Elite Legacy Education instructors will also discuss ways you can develop an "Elite Legacy Mindset".

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