All Forum Posts by: Michele B.

There are no new strategies out there. 

1. Find a deal

2. Get it under contract

3. find funding

4. Sell at a profit

5. buy bigger deal

6. on and on 

You need to know your market, know the downfalls of rehabbing if that is what you want to do, you need to know what your numbers are and how to calculate them, you also need to know what is happening in those locations, you also need time and know how to use it best for yourself. 

You can't eat an elephant in one bite. But until you take the first bite you are never gonna get there. 

Get started with finding deals and doing the numbers.  When you have done the numbers and find a deal that is really great then put it into the BP tools/calculators and then ask us what we think..... We might see good numbers or might find a mistake in your thinking.  
Most investors I have talked to do more than one kind of investing. They do some fix and flips to give them more cash for buy and holds.  Investors are like addicts they are only happy with the high of buying more and more. 

Good Luck!

Any other questions tag me and I will try to respond. 

Think about what your goals are is it financially sound decision?  I spoke with a gentleman that says he wants to be in debt to the tune of 100 million dollars within the next 5 years.  This would mean he would be making 1 million in loan payments and if that is true he would be making about the same for his pocket per month.  Decide where you want to be in debt and in income and make your moves to go that way immediately.  

You have to write a special lease agreement and it should be a NNN. Meaning the verbiage of the lease is has to be one where you are not asking what type of business it is. They are just renting the space, what they do with it is not mentioned nor implied in the lease. You will need to make sure that you are not out pricing yourself on the market and i have seen very low rents, meaning the same as any other warehouse.

Good Luck!!

Heloc not allowed on any home you do not live in.  You can do a refi loan or a cash out line of credit.  Tag me if you have more questions.

First, find a deal. 

Second, find a lender

Third, rinse and repeat.

All the other steps are totally not fun....skip them......

Sorry I am being cynical.

Good Luck!

You can do a cash out loan or a line of credit

I agree cash them out for about half your equity.

I think you need a partner.  I would try to find an equity partner with knowledge on how to do this. 

 i agree...

Depends what the city says.