Is Wholesaling Real Estate Still the Best Strategy?

Is wholesaling real estate still the best investment strategy?

Some have recently complained that foreclosure auctions are being rigged; bank owned REOs have too much competition and that multi-million dollar buy and hold investors have pushed up the price of REOs 5.5% over the last 12 months, shrinking spreads for those flipping houses.

Still, wholesaling real estate offers incredibly low risk, fast cash and widening spreads as home prices go up. If these are the things you are looking for then yes, wholesaling real estate could still be the best investment strategy for you.

Plus, someone has to be rehabbing properties, recycling foreclosures and feeding wholesale deals to buy and hold investors.

Diversity is good too though. While wholesaling real estate may remain your primary strategy for the long term there is nothing wrong with diversifying, providing you don’t let it become a distraction or slow you down, especially as most others strategies won’t provide the same benefits.

Acquiring rental properties can be a great way to build up residual income and add to your long term wealth building tools, especially while you can lock into such low interest rates and rising rental rates.

Buying land for mid and long term growth has worked well for some and if you have the cash and really love getting your hands dirty then rehabbing properties can be very rewarding too. Just remember that you will quickly become known for the quality of your work, good or bad. What you do will either come back to haunt you or help you build a great reputation, brand and lots of referrals.

 

Read original article here: https://www.cthomesllc.com/2012/05/is-wholesaling-real-estate-still-the-best-strategy/

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