Just because you watch Flip or Flop does not mean that flipping homes is the right real estate investing path for you. There are, however, many ways to invest in real estate. You can live-in-flip, landlord, lend, partner, invest, sponsor, develop, do multifamily, residential rental, REIT, vacation rentals and the list goes on and on.
The most vital aspect is that your real estate investment approach must be strategically designed around your life and stage of wealth. It’s very important to utilize your competitive advantages, skill sets, professional experience, values and network to make your real estate investing improve the returns on your entire financial life.
On this episode we discuss the differences between active real estate investing and passive investing so you can understand what may fit better in your life. We also share real life examples of how different people incorporate both active and passive real estate investment strategies in their life for you to see what’s possible. What you will find is that despite the differences, all of the approaches have been strategically developed around their unique resources, competitive advantages, personal values, and life.