Hello BP community! My partner and I are trying to formulate a plan of attack! It seems like a lot of people start out wholesaling then flipping, then buy and hold. We are thinking of doing things in the complete reverse order (actually we'd like to bypass wholesaling all together). Our thought is that by buying rental properties, and improving our portfolio we will have a lot better borrowing power. We could leverage our holdings to buy the next property as well as build credit and work towards an unsecured line of credit from a bank. And then maybe do some flip deals once we have easier access to money. We will be financing all of our purchases, we are not able to buy cash. What do y'all think of this strategy?? Any tips/advice?
Thanks and happy investing!
