Property strategies when buying property in the USA

There are 3 basic strategies when you buy properties:

1. Buy and hold- If you buy the property in good condition or already renovated then its likely that you would like to go for buy and hold. In a market where the property its still dropping in value you can not expect to make a profit if you buy and sell. With time properties are always likely to bring some capital growth. Make sure that you choose your property wisely to maximise the returns.
2. Buy renovate and hold- With this strategy you are likely to improve significantly the returns of your rentals. Make sure you keep the expense of the renovation within budget. Be aware that this will need more of your time and efforts as well as the funds available for the renovation.
3. Buy renovate and sell.- also know as flipping- This can be profitable but at the same time it can be high risk. You have to make sure that you buy in the right area, be well aware how much is the renovation going to sell and have a good idea of how long it might take to sell it.. it might be longer than expected.  Always keep in mind that higher returns comes hand by hand with higher risks.