Question from Quora:

What is the best way to make money investing in real estate? Ideally they would be need to be deals that are less than $75k. Should I buy foreclosures or get a loan from the bank? Do I flip the property, or buy it and rent it out?

From Erik Bredemeyer:
Great feedback from everyone! I think the question itself is a little confusing because buying a foreclosure home or not really has nothing to do with you getting a loan from the bank but if we ignore that part then I think from my own personal experiences since I have been flipping houses in Tampa Bay and Orlando since 1995 and I think my best deals throughout the years always have been houses around good school districts and below 200K range. I also think its smart if you don’t have your own funds to partner up with local investors that can provide the funds for you! My best experience I have had is through simple joint ventures but only contact them if you are able to find them good deals. I have had lots of successful joint ventures over the years and if someone like you can find investors good deals then funding is very easy trust me and if you have the funds but don't know anyone that can provide you good deals then same here you can easily find local investors through Facebook and or LinkedIn and other social media sites. The good thing is that one side can’t be successful without the other side so working as a team is a good way to make everyone money! Good luck…:-)