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Updated over 9 years ago,

User Stats

90
Posts
43
Votes
David Kosiorek
  • Investor
  • New York, NY
43
Votes |
90
Posts

Taking the right "next step"- out of cash and cannot bid

David Kosiorek
  • Investor
  • New York, NY
Posted

Hi All, 

So I'm not new to investing but run into a mini hurdle: 

I own now 2 properties (1 of which is ready to be listed, 1 which is roughly 75% done and should be listed within the month). All together I'll have about 225k cash out and should receive 290ish when the dust settles. I'd like to continue to bid on properties as they pop up but how do i get around the POF issue. I mean, I have enough for EMD but certainly wouldn't have enough to close on the properties I bid on (roughly 50-70k). I typically go all cash offers, as is.... what would you guys/gals do?

Thanks


Dave

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