Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago,

User Stats

117
Posts
78
Votes
Jeff Arndt
  • Investor
  • Pittsburgh, PA
78
Votes |
117
Posts

Restarting My Business

Jeff Arndt
  • Investor
  • Pittsburgh, PA
Posted

Looking for guidance on where to go to next.  I currently own two rentals that if I were to sell, would net me about 50k in my pocket to use as working capital on another project.  The problem is they both cash flow positive and are a breeze to manage.  I also poured my blood sweat and tears into the second property as a live in renovation and I find it very hard to let it go.  

My problem is my business is moving too slow and I am only using my extra income from my job to purchase more rentals.  When I look at my 5 year goals versus my current pace, what I'm doing. just. ain't. cuttin. it........

My goal is to use a combination of other peoples money and my small ball of working capital to purchase distressed properties, rehab, then hold as rentals.  I want to then cash out refi on the back end and start the whole process all over again.

So, the age old question, if you could start all over what would you do?

Does anyone else implement this strategy and would you recommend it?  Should I continue the long guaranteed (well mostly) method of saving and scrimping to buy my properties with my own funds?  Or should I take on more work and make things happen quicker?

Much thanks in advance!

Loading replies...