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Updated almost 9 years ago on .
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Hello!
I've been on BP for a few months trying to decide if I want to pull the trigger. Well, I did! I purchased my first property. I'm currently rehabbing it and I hope to be done early June. So my question is...what next?
I'm considering several options. I listen to the BP podcast religiously. I'm not sure if I want to wholesale, flip or buy and hold. It seems like the dynamics of wholesaling is a lot different than that of flipping. However, I will do whatever to takes whether I decide to wholesale or flip. I thought about purchasing properties from sheriff auctions, as well as tax liens to get properties a bit cheaper. I'm just not sure which way to go next. I would also like to network and find out more about how to get good deals. I am interested in investing out of the state as well. I wouldn't mind partnering up with someone. I feel like a sitting duck and I want to avoid a lapse in having a property lined up. I feel like I should be looking for another property now. Is this too early? Should I wait until the property is completed to find another one? I plan on using the BRRRR method.
Once my rehab is completed, are there any suggestions as to how I can get equity out of the property? My DTI is off the charts right now due to the rehab. Any guidance is greatly appreciated. I'm all over the place!