All Forum Posts by: Heather Lawler

I am buying my first commercial store front property. I am actually going to move a business I already own to this building. My question is do I pay cash for it or do I finance it? What are the pros and cons of either? I have been told to pay cash and then finance it later if I need the money for something else that way I will get a better deal for it up front with less closing costs.

Edited to add: This is a FSBO and I am putting in a cash offer as a buyer. He has already accepted my verbal offer actually but what do I need to make sure of on the buyers side of the deal as the property closes. I already have my real estate attorney in mind but will they take care of everything or do I need to do more. Should I put my money in an escrow account until closing is done?

I was a real estate agent for about 3 years until I was offered a job that I couldn't resist working from 8:30-2pm everyday with two little boys at home and very well paid so I let my REL expire.  I am now about to inebriate some money (low six figures) and want to invest in real estate.  I live in central Iowa by my parents live outside of Bastrop Texas and have started investing in rental properties around them. 

Long story short I am trying to decide if I want to invest in Iowa or Texas.  The rental property and even the fix and flip market seems a lot better in Texas.  I am only 32 yrs old and want to keep growing and building my portfolio.  I love the idea of rental properties but I also am excited about the idea of Fix and Flip. 

Do you start out buying rental properties or Fix and Flip properties? I want to keep my ROI between 20 & 25% and get the max bang for my buck starting out so I can grow.

 Any suggestion or help would be greatly appreciated.  I know LOCATION LOCATION LOCATION but everything else involved and me being 1000 miles away would it work?