All Forum Posts by: Account Closed

I have several thoughts, First your strategy will work once you start looking at markets where property will cash flow. I dont know Orlando but I would expect to be able to find property down there. My friend Robyn Thompson just started up a REIA club down there called GoREIA, you should check it out.

My second thought is that you might want to eliminate hotels from your future plans, a hotel is not a normal RE investment, it is more of a business, and that requires a lot more of your time and energy, plus there is a differant skill set involved.

Thirdly, while your strategy of self funding the down payments will work, it is not sustainable. At some point you will run out of money to put down. Use your time on BP to learn how to buy without any of your own cash.

I hope that helps

Josh

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I am currently having to use the strategy of taking out commercial real estate loans (or mortgages) and using personal loans to fund the down payments. I am having trouble finding properties that will rent out for more than the combined loan payments, plus maintenance, taxes, etc.

I am only interested in houses, RV parks, mobile home parks, apartment complexes, and hotels. I think only the first three are within my reach right now.

What was your first profitable investment? What do you think I could buy using this strategy that would turn a profit? If I could find it once, I could find it 1000 times.

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All Forum Posts by: Account Closed

Account Closed has started 13 posts and replied 112 times.

Post: What investments would be profitable for me?

Post: What investments would be profitable for me?