Buy & Hold

[Shawn McCarty]

Hello,

I am trying to pickup my first buy & hold (first real estate investment period)... I have some potential properties, I have some people who would lend hard money based on the deal alone. My only problem is this... Once I buy the house and put a little money into it... What next? At that point I would be in 4 points (not much total based on the properties I am looking at)... and I would have 12-14 months to pay back the hard money... Do I refi conventional? If so, how can I really amass a portfolio doing it that way? I would have a million loans in my name... is that even possible?

Thanks everyone in advance... Biggerpockets has also been a big help in the past!

Thank you,

Shawn - The Newbie!