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 — so the decision can feel tough. But it doesn't have to be.
None of these strategies work well in weak, declining markets (with the possible exception of wholesaling — and even that's very hard there). But in hot, appreciating markets — ALL of them work super well. So the strategy you choose ultimately depends on you and your circumstances, because each targets different opportunities and has different risk, cash, time, and skill requirements. 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?
Get clear on those first — because you can make any strategy work in a hot market.
Which do we recommend? Ultimately, 'buy and hold' — IN THE RIGHT MARKET. It's where most real estate wealth is created, and it's fairly passive if you have the resources.
On the new platform, a "strong Master Score" is a strong Market Outlook Score. Find those markets by ranking The Table by Market Outlook, then use the strategy scores on the Market Summary Report (or the strategy presets) to match a strategy — Wholesale-Flip, Creative REI, Wealth Maximizer, or Cash Flow Boost — to your skills and goals.