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Updated almost 14 years ago,
A good plan?
So I've been racking my brain trying to figure out my "plan." (Currently I don't have enough cash to have ANY plan, therefore I need a future plan!)
I'm a teacher off for almost 3 months in the summer. I've been thinking the best plan is to do flips in the summer to acquire cash. Then I could use the cash to buy SFH rentals that meet the cash flow requirements that are fundamental (as you all talk about). I could do one flip and one rental per year. That would be FANTASTIC. (That's assuming lenders would keep allowing me to do so.)
It seems like a simple plan, but it might fit my situation.
If any of you know of something similar that worked, please comment and advise!