First Investment Under Contract

[Tray Rogers]

I am a new investor in the state of Texas looking for some honest feedback! I am also a licensed realtor® in Texas as well. With the help of the Bigger Pockets Community I have succeeded in getting my first investment under contract. I am in the process of purchasing 3 different single family homes from one seller for a total purchase price of 105,000 for all of the homes. I structured an offer to the seller for a seller financed deal for the homes with 10,000 down, 95,000 financed with an 96 month term for repayment at a 0% interest. 

My ideal exit strategy for the 3 properties will be to fix and flip for a total ARV of 210,000 for the properties with about 50,000 estimated for rehab costs from my contractor who has a proven track record. My 2nd choice for an exit strategy will be to buy and hold for passive income. I would like to begin flipping 2 of the properties at once as my GC has the ability to take on both projects but I lack the capital to implement my strategies for the properties as quickly as I would like to. I would like to hear thoughts, opinions, and advice for a new investor who is looking to invest full time and build a wise plan to scale my business and begin investing full time. Thanks for reading and any feedback is greatly appreciated!

[Carlos Zapata]

@Tray Rogers   Congratulations,  hope the best,  find out first your exit strategy, you also may be able to make some good money just wholesaling the contract, or maybe a clean up without spending too much on repairs and sale the,  I did all of them but my strategy now is passive income,