Cash Flow Taste - Rental Income! How do you start acquiring Buy & Hold with little down?

[Andy V.]

Hi All,

I have a little cash and a 12 year goal to retirement.  Once I spend my cash on my first cash flowing home (plex) it will take me a few years to save enough to buy another.  Am I missing something?  I can't see the finish line from here?

[Tim Lindstrom]

@Andy V.  My plan is to be in the market for a new property every 6 months...

1) Buy below market value and fix it up (most homes below market require work).

2) Get it rented (and cash flowing)

3) Let it season for 6 months (some lenders might require more or less time)

4) Refinance with cash out (if you bought it low enough, and it appraises high enough,  you should be able to get enough cash out for your next down payment)

5) start again at step 1