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Updated about 9 years ago,
Snowballing + Flip & Sell Strategy (Financing)
Read the article on "How to make a million dollars...." and want to do something similar.
http://www.biggerpockets.com/renewsblog/2012/12/12...
Ideally I would like to do flips as well for immediate cash.
I am wondering, how exactly does the financing work here.
How difficult is it to get the bank loans on a 3rd 2/3/4 plex? I assume if you show the bank that your previous one is rented and a profitable investment they go ahead and give you another one?
Then I look to do small all cash deals with my money plus hard money.
Anyone done this strategy? How did it work out? How much capital did you start with?