All Forum Posts by: Ryan Flamm

will you be paying any utilities? or will the tenant?

Personally, if the flipping is working. I would stick to that as your primary RE income. Then slowly use the leftover cash to either do multiple flips or begin doing rentals with the profit coming in

I'm new myself. But if I had the option for 100k cash payment. I would go against that and try and get a mortgage and put 20% down instead. You got to think of ways to get more rentals with the least amount of capital. Yes, there will be a far greater risk, but in order to get ahead in life you need to leverage yourself for the future.

So just scenario wise, you could purchase this out outright for 100k and not have to worry about a mortgage.

Or you could use that 100k as a down payment on 5 rentals valued at 100k each.

So with your original 100k, be able to finance it so that your now paying off the 5 houses principle, as well as profiting a small bit along the way. Its just a compounding rate of return versus having 1 home. just my 2 cents, Good Luck!

My guess is to structure the deal just like you would with any management, set aside X amount of rental income towards the management side of it. That way it won't matter if you manage it, or you change your mind and have someone else manage it.