1. House Hacking

 The Pros

1. Provides occasional profits and you can cut your highest monthly costs, that being a mortgage or your rent
2.  Limits your liability and offers an easy Segway into real estate
3. You can get special loans if you plan to live in the house, such as an FHA loan that only requires 3.5% down, as opposed to the conventional 20% down.

The Cons

1.   Managing tenants can be tedious.
2.  If you get an FHA loan, you have to pay extra for special insurance
3.  You limit your profits on the home if you live there, but this is offset by the lack of a rental expense

2.    House Flipping

The Pros

1. You can make a quick buck
2. You learn a lot about the house repair process

The Cons

1.  Requires a more extensive market understanding
2. Requires a lot of cash
3. ·Generally, if you don’t have the cash, you need to find private investors and that can be difficult to find.

3.    BRRRR

BRRRR stands for Buy Rehab Rent Refinance Repeat.

 The Pros

• You can buy a lot of houses if you do it right
• You get free houses
• You get a rental income after you finish

The Cons:

• Lots of money upfront is required
• If you have to pay for the repairs, it gets expensive, it can still work, you just need to be conservative

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