For those who own Rental Properties
For those who own rental properties, landlords, etc, what areas do you like to buy in? What do you like to see in your deals? Do you invest in Trust Deeds as well? Or just property?
Most Popular Reply
#5 All Forums Contributor
- Plymouth, MI
@Timothy Riley Fear of having a mortgage is understood. Need to lose it. As long as your cash flow is high enough (how high is your call), the mortgage is just another expense like taxes and insurance.
You use cash to buy rehab the 1st deal, refi it all out (and then some in some cases), use it again on the next house, refi that one, and keep repeating until you can't get any more mortgages. Then find a partner with credit, and share the cash flow with them. Use your cash, and their credit. You can repeat this system with as many credit partners as you can get. When you refi the cash out of the last house...just keep it. The end result is you have a number of cash flow deals paying you monthly, that your tenants are buying for you, that you never spent any of that cash on...you just used the same cash on all of them.
Joe Villeneuve
REcapSystem
A2REIC