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Updated over 5 years ago on . Most recent reply

User Stats

27
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20
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Tyler Hampton
20
Votes |
27
Posts

Best way to reach a buy and hold goal

Tyler Hampton
Posted

I'm trying to get started in real estate and my only real goal is to get 10 SFH paid for and enjoy a good cash flow for retirement. (I'd buy more after that I'm sure, but I'm not very risky so I like a simple goal) what's the best way to keep that process going once I buy my first property? I don't understand how people BRRRR and do rehabs for like $15k! That's like two things in a house. Kitchen and floors will pretty much eat that up. Again, i'm not super risky, so hard money lending and borrowing a ton isn't my cup of tea, but possibly seller financing (although I don't really understand how that works. You just pay the seller monthly payments instead of the bank?). So how do you get the process sped up just a little with most of my funds going towards the first deal? Or since I'm a little risk averse, I just have to kind of plod through for 20-25 years to reach that? Thanks for any advice!

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