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Updated over 5 years ago,
Trying to decide what to buy
I am currently retired and have been rehabbing full time. In my local market it has become difficult to find properties to flip due to low inventory and everything is over priced. I also use my funds to buy and rehab the properties. I hate the pressure of hard money. I am concerned that if I use all my available cash on buy and hold, I won’t have money to rehab when I find something. I have three other properties that I own outright that generate 2300 a month after all expenses. I am currently 46. My goal is $10k a month in cash flow by age 56. I don’t want high maintenance tenant’s. I have about $450K equity and $150K cash on hand.
What would be the best way to hit my goal. Thanks for any help.