Rental, Flip, Rental , Flip.... Or another preferred method ?

[Michael Dunn]

Good Evening,

I read sometime ago about a recommended method , regarding Buying rental properties , as well as flipping houses .

I can't remember what the actual method was , but I  "  believe  "  it was  ...... Flip, Flip, Rental, Flip Flip, Rental, .... wash, rinse and repeat

What I'm wondering though, is what do other members / Investors recommend, if I'm starting out currently with having jut acquired a Future Rental property ..... with my goal being ,  to purchase and aquire  Rentals .... But along the way to purchasing Rentals , I know that I will need to Flip a few houses, in order to get money to purchase the Rentals (  for the 20% down , as well as the costs for repairs in cash ).

Since purchasing a property as a Rental, I won't be allowed to do a Cash-out refi. for 6 months to 1 year , before I can tap into that Equity and use it for the 20% down/ repairs.

So by Flipping a few here and there , this would give me quicker access to the money needed for the 20% down and repairs.... correct ?

Hoping to get some  feedback please and guidance on what steps to take next, since I have my first Rental... just need to know what to do next ( another Rental or to do a Flip ) , so that I can continue on in the pursuit of building up a portfolio of Rental Properties

Thanks for the help everyone

[Joe Villeneuve]

It's not that simple.  FFRFFR isn't a plan...it's just a series of arbitrary steps that isn't based on any goals.

Start with your financial goals, then develop a series of measurable milestones leading up to those goals.  The steps along the way are the properties you buy/flip/hold/etc...  The strategy you use at each step depends on the plan that is developed.