The buy and hold strategy is the biggest myth in real estate. People talk about how great it is and how you only need to acquire the property, put a tenant in, and the rest is cash flow, but nobody really talks about the other part where you deal with the tenants, the payments don’t always come on time, and things break. 

 

Watch this video to learn why I do not focus on buy and hold strategies and how I got started in learning about multifamily properties!

 

Key Talking Points of the Episode

 

[00:00] Introduction

[00:19] What is the average price of a wholesale deal? 

[00:44] What is the average price of a fix and flip deal?

[01:40] Why is the buy and hold strategy the biggest myth in real estate?

[02:30] What are the flaws of owner financing?

[03:50] What are my plans for my multi-family strategy?

[04:25] Did I take courses to learn about the multi-family space?

[05:45] Why have I not bought more properties?