2024 Real Estate Investing Strategies: Flip, Rent, or New Homes?

Episode #223
House flipping vs. renting vs. build-to-rent: which real estate investing strategies could make you the MOST money in the second half of 2024? At the beginning of the year, many investors believed that interest rates would be coming down, housing inventory would finally return to the market, and inflation had been defeated. But that didn’t turn out to be the case. In this ever-changing housing market, what should investors like you do to make the most money possible with the fewest risks? We asked three of our expert panelists to give their take!
So today, we’re having a friendly real estate investing strategy smackdown to pit house flipping against buy-and-hold against build-to-rent homes. Each strategy has BIG benefits but also comes with some serious risks rookie and expert investors should be looking out for. Plus, these investing strategies are NOT for everyone. We’ll discuss who should (and definitely shouldn’t) invest using each method.
2024 is not an easy real estate market, but our expert investors lay out the exact risks to avoid, how to get around them, and the best ways to build serious wealth while most Americans sit on the sidelines. We’ll talk about the enormous gains you can make even with high interest rates, what James calls the best way to find financial freedom, how to invest EVEN if you have very little time, and the one type of rental property with WAY lower insurance and repair costs.
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How to Build Wealth With Rental Properties Through Buy & Hold Investing:
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Flipping Houses: How to Get Started and Everything You Should Know:
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Investors Are Putting Their Money in Build-to-Rent Homes at a Record Rate-What’s Causing the Frenzy?
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Show notes at: link.chtbl.com/OTM
00:00 Intro
01:18 Buy (Renovate) and Hold
08:32 Who Should Buy and Hold?
10:05 Biggest Risks
11:51 Flipping Houses
17:28 Who Should Flip?
19:48 Biggest Risks
22:44 New Construction
31:00 Biggest Risks
34:02 Best 2024 Investing Strategy

[@rajeshkasturi4209]

Well said james, I am in Seattle I made 150 k equity for my renton pre foreclosure

[@dhowto3005]

Very good information! Thank you lady and gents!!!!

[@brady_morgan]

Love new construction right now. One of the best ways for investors to get involved in new construction and make excellent returns is by self-GCing. It does have a learning curve to it, so this is not for someone looking for completely passive income, but the opportunities are quite good right now. Since many people are picking up "side-gigs" these days, why not put the time and effort into learning general contracting and build your own investments? New construction at 20% off is a pretty great investment in my opinion. Not to mention if youre only doing one house a year, its basically a part time side job that will make you hundreds of thousands of dollars a year. In my area, I can build a 700k house for about 500k all in. I can then sell it as a spec for profit, or I can hold it as a short term rental and make cash flow on it (I am in a mountain resort market). Just alternate between the two strategies depending on whether I need capital or cash flow at that time.

[@FIRE_DrNinjaTurtle]

I am buy and hold. I am a lazy investor 😀

[@kathy_fettke]

Me too! :-)

[@yaelfuerst1328]

How do I find new construction where I only have to pay $5k

[@williamlyons3947]

Rental sleep pods for younger single professional. You could put 2 or 4 in each bedroom. Remodel to create a bigger common bathrooms and downstairs be common living area. Refuse HUD and section 8 and require higher income renters to keep the riff raff out.

[@ChuckNorris-Investor]

Absolutely Love this Episode. Let's debate when should you Sell a Brrrr property in a Westcoast Market.

[@vincentgore5266]

What is Cathy's last name? Looking to buy new construction in FL.