In a Nut Shell...What are your strategies?

[Douglas Gratz]

I started a discussion and found that I learned quite a-lot relatively fast just reading peoples working strategy examples. So I  thought I would try this to see if I can learn more!  Below is the strategy I aim for and is my latest examples of how it worked and works. Straight and to the point

1. Buy only duplex's and above

2. For duplex's make sure be all in for a max of 122K preferably 100k

3. After buying, rehabbing, and renting, REFINANCE

4. Duplex's appraise for 175k so I break even or profit on the deal while still owning

So with the above strategy, I am able to refi and still cashflow 600-800 per house (because the mortgage on 122k is $600.00) This strategy allows me to leverage so I can buy another and another and so on

Anyone else want to share feel free.  

[Patrick Strain]

There are more expenses than just a mortgage on a property, and while you may be able to get near 100% financing on your first and primary (owner occupied) home, the terms on your next properties won't likely be as favorable. 

When it comes to my personal strategy, I find that I have no strategy. I'll buy anything, as long as the numbers work. I prefer to have a few properties that produce better than average returns, rather than loading up with many units that are poor producers.