Question:
What is the best and most effective real estate strategy to use in markets that have very strong Master Scores?
Answer:
From wholesaling to new construction to fix and flip to buy and hold (and more) – there are a lot of strategies to choose from. And so, your decision can be a rather tough one.
But it doesn’t have to be.
And that’s because the answer to this predicament is rather simple.
You see, none of the above strategies work well in weak, declining markets with the possible exception of wholesaling (wholesaling is still very hard to make work in declining markets).
But during hot, appreciating markets – ALL of these strategies work super well.
And so, the strategy you choose ultimately depends on you and your skill level.
Why?
Each strategy targets different opportunities – and has very different risk, cash, time and skill requirements.
The one you pick should therefore be in alignment with your unique circumstances.
So ask yourself:
- What is your skill level?
- What is your time horizon?
- What is your time availability and how hard do you want to work?
- What is your cash on hand?
- What is your ‘risk profile’?
- What are your short and long term personal and financial goals?
Getting clear on the above questions is the first step in picking the best strategy for your unique circumstances. And that’s because you can literally make any real estate strategy work during hot markets.
But which one do we recommend?
Well, it ultimately comes down to ‘buy and hold’ ***IN THE RIGHT MARKET.*** It’s the best because it’s where most real estate wealth is created. It’s also pretty passive if you’ve got the resources to do it.
