A property management company can help you hold properties for the long term. By managing the rentals for, you they allow you to focus on buying properties, not day to day management. This can make holding homes for the long term easier to do.
When you reach retirement how many homes do you have to own free and clear to have a great stream of income. Then your money is working for you, not you working for money. A great agent can help you with your success, by being a great partner on your team. He can help you find properties in great neighborhoods. Properties that people want to rent and that will increase in value over time.
Re-habbing properties is another great property investment approach. I didn't learn this until I was older after I had become a real estate agent. We bought run down properties and repaired them ourselves. Once we got them into great shape we sold them off again, using the profits to fund another deal.
Flipping is just buying a house on one side and then flipping it over to a buyer on the other side. All that dough in the middle is your hard work. Repairing a run down home and selling it is one way to get more money to invest. If the numbers worked out you could always pull out some of the money with a refinance and turn it into a rental property.
When you don't have money up front you can use this third investing approach. You buy from a motivated seller and wholesale the property to another investor or retail buyer. When they close you pull out you fee for the deal. This gives you some cash to do another deal without pulling from your family funds.
This enables you to make a profit on a home without all the hassles of buying it yourself. It puts cash into your pocket so you can invest it in a flipper or rental. It helps increase your investment capital. You can always do the reverse when buying. Look for a great wholesale property from an investor.
If you think long term and short term and use these three approaches you can do quite well for yourself. Your equity and holdings should grow steadily over the long term. Be steady and consistent and you will win with these investment techniques when others do not.
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