Some might say that a common investing strategy is to wholesale single-family homes.
But have you considered other types of properties?
Like…
- Condos
- Multi-Family
- Apartments
Well, I want to dive into those other great options today – perhaps after this lesson, you’ll give one on these types of properties a go.
Let’s look at each one…
Single-Family Homes
So, as I said, the most common property is single-family homes.
Why?
Well, several reasons, but here are the biggies:
- They’re typically easier to rent out than other property types
- They’re easier for new investors to understand when running the numbers
- These properties typically have the best financing options available, which makes them desirable and a natural first step for investors
The biggest downside?
Economies of scale.
And that means 2 not good things…
- When you lose your tenants, you lose all of your cash…
Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).