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Recently I was having a conversation with someone. They were explaining the school program they were in, the job they wanted to get, and their career goals.
I looked at him and said: "So your goal is to work?"...
The Gross Rent Multiplier is a simplistic method of analyzing rental property values using only it's gross rental income. There are a lot of flaws associated with this method, which I'll get into later, but it is also useful for many applications.
People can make money in any aspect of real estate, just not all of them.
In order to be successful, you need to focus on one thing and become exceptionally good at it.
So, the question really is, should you flip houses or rent them out?