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Updated about 8 years ago on . Most recent reply

Kevin Walker's profile image
Kevin Walker's profile image
Kevin Walker
  • Wholesaler
  • from Winter Haven, Florida
  • Member since Nov 8, 2016
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Kevin Walker's profile image
Kevin Walker's profile image
Kevin Walker
  • Wholesaler
  • from Winter Haven, Florida
  • Member since Nov 8, 2016
Connect
Kevin Walker
  • Wholesaler
  • Winter Haven, FL
2
Votes |
41
Posts
Buying & Selling Real Estate

Buying a rental!! I have only wholesaled so far!!

Kevin Walker
  • Wholesaler
  • Winter Haven, FL
Posted

Good morning!!

What does it take to buy a rental?? I am a wholesaler right now. I have not done any fix and flips yet!!

Thank you!!

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Shawn Ackerman's profile image
Shawn Ackerman's profile image
Shawn Ackerman
  • Real Estate Entrepreneur
  • from Mid West, East Coast
  • Member since Jun 12, 2015
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Shawn Ackerman's profile image
Shawn Ackerman's profile image
Shawn Ackerman
  • Real Estate Entrepreneur
  • from Mid West, East Coast
  • Member since Jun 12, 2015
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Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
1,255
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Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
Replied

@Kevin Walker in your situation I'd suggest a cash flow market, 20-25% down or the ability to reach motivated sellers on your own and offer seller financing. You will need a conventional lender and or HML to get started. My strategy when I started was to buy in cash and Refi with conventional lender. In my market you can get a duplex, currently rented from 17K - 25K easily. Best of luck to you!

  • Shawn Ackerman
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