Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Sinaloa Paisa
  • San Antonio, TX
0
Votes |
7
Posts

Snowballing + Flip & Sell Strategy (Financing)

Sinaloa Paisa
  • San Antonio, TX
Posted

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? 

Loading replies...