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Updated over 9 years ago,

User Stats

203
Posts
64
Votes
Pavlos Kasselouris
  • Project Engineer
  • Miami Beach, FL
64
Votes |
203
Posts

Cash in hand...now what?

Pavlos Kasselouris
  • Project Engineer
  • Miami Beach, FL
Posted

I have a good amount of cash sitting from a cash out refi, and now I'm torn how to proceed. Currently I have 3 rental units, out of which #1 was successful rehab, #2 basic things, #3 turnkey . 

Scenario A: Continue purchasing cash flowing properties with my partner financing conventional 75% until I dont have any more downpayment money. Problem with this is that deal are very very few.

Scenario B: Go solo and find a flip through a wholesaler, work with a hard money lender, and then cash out refinance, go to the next one. Risk is a lot more, but also reward...

Scenario C: Do the same as B but with my partner so we dont have to use any lenders and be more comfortable with time. My only complain is that my partner is very slow-busy-not motivated as much...

I have a day job, but have people and systems in place to handle the project comfortably 4 hours away... 

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