The FORMULA to grow your portfolio and wealth:
Buy and flip 2 or 3 or hold 1; repeat
The diversification helps you build net worth and keep the cash flow going.
Not an overnight business: it’s a lifetime business
TIP #6: For Buy and Hold:
Tip #5: For Flipping
You won't make $50,000 on every house, every time- especially at the beginning.
ROI is KEY!! What is your projected ROI?
The 2 biggest factors in ROI: Buying right and Seller's contribution.
Rehab budget is KEY!!
Tip # 3: It's ALL about leverage!
Tip 2: Develop Your Network
Build your network and work closely with those who know the area and understand the local market.
You don’t win by shopping for the least expensive person; the cheapest guy in town is never the cheapest guy in ...
TIP #1: WORK LOCAL AND THINK LOCAL
• Know Baltimore (or your local area)
• Do your research both online AND in person
• Research closed sales history online and in publications
• This will help you find the pockets of opportunity ...