The biggest mistake that I see so many people make is investing in the house flipping business is thinking it’s going to make them rich.
I’m going to tell you right now that getting into the house-flipping business is one of the WORST decisions you could make…
Especially if you want to turn a profit.
Why You NEED To Avoid The House-Flipping Business
Most people get into real estate investing because they want to secure that cash flow and I get it…
That’s why I got into it in the first place.
But let’s do the math, why put all of your time and resources into fixing one home and trying to sell that…
When you could just put that same investment into buying more units for the same amount of money that will give you an even bigger return in the long run?
On top of that, if you’re deciding between the house flipping business and owning multiple units, why would you want only one renter?
Having more renters means getting more money at the end of every month…
And you don’t have to worry about your property staying vacant if your renter decides to leave.
To put it simply, you could either have 20 units that each pay $1,000 at the end of the month, or you could have one home that pays $5,000 a month.
You’re choosing between $20,000 and $5,000 in passive income.
Ultimately the answer is clear…
A HOUSE IS NOT AN INVESTMENT, ITS A LIABILITY
Why I Invest In Multiple Units
During the 2008 financial crisis…
I lost half of my clients across my two companies.
The only thing that saved me during that time was the $200,000 I had in real estate.
I didn’t get that wealth from buying single-family homes. That was ALL from my investments in multiple units.
All that the house flipping business does is take away your time…
energy…
and money…
From the investments that could ACTUALLY be making you rich.
Since then, my entire focus in my property investment strategy has been on scaling the number of units I owned.
IF YOU WANT TO GROW YOUR WEALTH BY INVESTING IN REAL ESTATE, YOU NEED TO SCALE YOUR PLANS.
The biggest issue people face when trying to invest is that they’re too scared to actually move forward and commit to these investments.
Everybody thinks they need to start small…
And THATS why they turn to single-family homes.
You Can’t Scale If You Can’t Commit
When you’re ready to start listening to the experts instead of your fear, you can begin to grow your wealth and investments.
Stop wasting your time with the fake promises of the house flipping business…
And start following the real money.
Be Great,
Grant Cardone
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