Takeaways + Tactics
– Entry-level investors should consider wholesaling: acquire a property under contract and reassign it to the end buyer – then charge an assignment fee.
– When flipping properties, keep renovations minimal. Investors might also opt for ‘wholetailing’- cleaning up properties for under $1,000 before listing them.
– Holding the right properties in great neighborhoods and using them as rentals should be our end goal.
There are many options for team leaders who are interested in real estate investing – we just need to find what fits best for our businesses. Some options – like wholesaling – are more appropriate strategies for entry-level investors; while holding rental properties should be an end goal for us all. The great thing about the key investing strategies is, once we master them, they become easily replicable and can help us generate passive wealth for years to come.
Clint Bartlett is the co-owner of Dynamic Properties, alongside Jeff Cohn. He first entered the real estate investment space when he decided he wanted to acquire passive wealth. After ensuring there was enough in the pipeline to justify leaving his corporate job, Clint made the jump to real estate investing, and he hasn’t looked back since.
To connect with Clint on social media, find him on Instagram under @theclintbartlett.