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We might not be ready to admit it or say it out loud, but one thing is clear:
The Market is going to shift.
Will you be ready?
There will be great opportunities for those that are prepared for it.
And now is the time to act!
Our goal right now is learn our numbers inside and out so we are ready to act. But if you find a good deal, will you know what to do with it?
On this week's episode of the Lady Landlords Podcast, I share an eye-opening strategy that will shift your mindset on how you can maximize your ability to capitalize on ANY deal you come across.
Listen here to learn more about how this strategy works.
Briefly, here is how it goes:
You want to think: Do I...
1. Flip it:
If the property if vacant or in need of rehab, check first to see what the numbers look like if you did the work yourself and sold it. Ask yourself if you are willing to put the work in over the next few months for a big payday. Remember to be conservative on numbers if your project will be more than 6 months as the market could look very different then. You need to have good margins to start with.
2. Rent it:
In my area, the market for buying may be shifting, but rental prices are still holding strong...and don't look to be changing anytime soon. Run the numbers to see what your cash flow and return would be if you rented it as is. You should also check these numbers if you plan on flipping it just in case you need to hold it after rehabbing.
3. or Wholesale it:
Don't have the down payment? Don't have the time to do a flip or manage another set of tenants? Wholesale the property to another investor who does! It's a great way to pick up extra cash along the way and to capitalize on a deal that you came across!
When you find a deal, start to think what you can do to make money from it. It will open up a whole new world of possibilities for you!
If you need help learning which strategy to use, consider the Lady Landlords Mentorship. Join the Waitlist for December here.