Rehabbing & Renting & making $

[Angie Hills]

Hi all - thanks in advance for all your time & input - it is greatly appreciated!
My question - my husband had in the past 10 yrs (8 with his X) - purchased I believe about 7 homes. Some they lived in, remodled, re-furbished & sold for a profit - then bought another one, then repeated the process. They had a couple over the years that they kept & rented out. I don't know that he considered himself a REI or even considered how much $ he actually made until I pointed it out recently when the X sold their last house & made a 250,000 profit (for herself) - he also stated that for the other homes they probably made around 250,000 & had nothing to show for it - she blew it all. But that's another story - LOL
So I told him he has the experience - he has bought all of these on his own & did almost all of the work. He still has one rental house now. We have been together now for 2 years & are finally getting on our feet after both divorces & her robbing him blind - LOL
Now my question - LOL
We would like to get back into REI - we are working on Re-financing now and talking to a relative for investing & may have access to between 10,000 - 20,000 for investing. I see alot about flipping, wholesaling, flipping contracts, etc. As a way to make quick profits/capital. But in one program I had - Donald Trump real esate program - the instructor stated that he NEVER sold a property - he kept them all for residual income/passive income and net worth and constantly increasing value. This all makes sense to me & since my husband is experienced in rehabbing & renting/lanlording - I think we're both comfortable with going at REI via this avenue. But - I'm having a little trouble following how to keep aquiring properties. If we have our capital invested in downpayment and/or reha bbing & are able to rent out for positive cashflow - even if minimum. Where do we get capital for downpayment & rehab on another one? Is this just the slowest route? Do we have to wait & save the monthly cashflow from rental and/or get equity in this house to possible re-finance & putt out escrow for capital for downpayment/rehab on next one?
I'm just wondereing if there's something I'm misssing - as I mentioned - any advise would be appreciated!
Thanks!