Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 almost 9 years ago,

User Stats

4
Posts
0
Votes
Almin Skender
  • Kansas City, MO
0
Votes |
4
Posts

Have 35K after flipping. Want to start investing in rental proper

Almin Skender
  • Kansas City, MO
Posted

My father I bought and rehabbed a home and after all the expenses we net a little over 35K. We want to start investing in rental properties and move away from flipping. What should our approach be and we're planning on buying 2 houses and I would work on one and he would work on the other. Should we try to put a down payment of 20% on both homes and start working on them and after we were finished and found renters, how should we refinance to keep doing this? We already have one property we payed cash for that is leased and it generates 850 dollars each month. We've had this house for 3 years now and never had a problem finding a renter. I just don't know what I would need to do after we fix both house and how to refinance it so we can keep going growing. I know what about the BRRR strategy but what would be the best and what lenders should I go to or who to talk to about financing. Still new to real estate investing and eager to learn more so I'm open to any suggestions.

Thanks BP!!

Loading replies...