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Updated over 2 years ago, 06/04/2022
Real Estate Investing Standstill
I feel like I am in a point in my real estate investing journey where I've reached a halt. I currently have six properties in my belt where half are cash flowing with maintenance issues that arise here and there and the other half still have to get rehabbed. I started my journey back when COVID first started in 2020 and have been very interested every since. Right now, my funds have not been very liquid as I have been aggressive with my investing and have a hard time funding another deal. I understand private money is out there and need to know how to be more comfortable showcasing that I can obtain this type of lending and have the confidence to prove that I can provide a great return to potential investors. I work in an industry where I do meet high-income earners daily and want to know a way to integrate real estate investing through discussions with these individuals.
My current rental portfolio is as follows:
1. On market to be rented out and will cash flow positive once rented.
2. Fire damaged property waiting on insurance payout and quotes from fire restoration company to see if the numbers work to keep as a rental or sell off.
3. Currently rented, has minor maintenance issues, but cash flow positive
4. Currently rented, has recently had HVAC replaced hurting cash flow
5. Finalizing rehab and going on the market to be rented out
6. Needs to be rehabbed to rent ready condition; pulled off hard money, but lender needs it rehabbed before giving out draws, which makes sense and doesn't at the same time to me
I am always looking for more properties to add to my rental portfolio, but feel like I need some guidance on stabilizing what I currently have before adding more. Any feedback is greatly appreciated!