If you're in a high-cost area, consider out-of-state markets where you could buy a rental property outright. 

So does that mean I can't buy from a related party at all?? 

REALITY CHECK: THIS BUSINESS IS HARD.Wholesaling and buying houses off-market is a sales game—and sales is brutal.

You’re going to have to buy at least $1M (or whatever you clear after selling costs.), worth of replacement properties, not $500k.

For example, if you buy a home for 100k, and then improve the property and now it is worth 200k. 

The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.

Hello All,I'm considering buying a small home on a small lot in LA.

If you are using it to buy a turnkey property which needs to produce cash flow to be considered a viable deal how does buying turnkey(Little to no cash flow) combined with HML(High interest only debt) make alot of sense financially? 

Buy your next property with all cash, fix it up with cash, and then do a cash-out refinance afterward.

🎯 Leverage PowerWhen's the last time your broker let you buy $500,000 worth of stocks with $100,000 down?