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Updated over 16 years ago,
Flipper to landlord!!!
I am interested in becoming a landlord and discontinuing my position as a flipper. But the only advice that I'm getting is to get the earnest money together which is the least of my worries. I'm planning on getting a credit card to fund my first transaction. but i don't know how I can get a line of credit of such a large amount. I have an entity. I don't know if that helps. My strategy is to purchase deeply discounted commercial properties and fix them up. I will then refinance them so I can be able to purchase other commercial properties in the future. But isn't it true that if you refinance, the NOI will decrease dramatically? I'm so overwhelmed, any advice? Also, in your opinion, what is the most profitable strategy in investing in commercial props. J. T Foxx says (I think he said that, cant remember so don't quote) flipping manhattan commercials to retail buyers. What do you think?