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Updated almost 11 years ago on . Most recent reply
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- Real Estate Broker
- Columbus, OH
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Was There a Factor That Contributed to You Rehabbing/Reselling vs. Buying & Holding
Seems that I have entered the "grey area" where I could begin to head full steam in one direction or another...The main factor for me right now seems to be that the financing for future purchases is guiding my decision. Anyone been in this spot before...and was there a factor you could identify that lead you down one path or the other?
- Brandon Sturgill
- 614-379-2017
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Use the flips to increase your nest egg.
Flip 3 hold 1. Or Flip 4 hold 1. Basically any ratio that makes sense for you. What you are trying to do is create short term profit and long term income streams.
As for financing keep asking the banks and credit unions. I'd suggest listening to podcast 55 by Jimmy Moncreif. He gives some good advice about how to find a bank that will finance you.