The deeper your market knowledge, the stronger your relationships with agents, contractors, and lenders, and the better your deals will get over time.

I have a good cash flowing portfolio that has appreciated extremely well In the last 10 years, it’s a small college town off the radar,   and I know it’s a unicorn situation to find deals that are in markets set for great appreciation, and have solid cash flow, but I know there’s more out there! 

My excess cash flow per year is around $300k in cash, meaning theoretically I could do 6 deals, but in order to make that salary (HHI $722k) I need someone with the time to do the repairs and manage the tenants.

Some have done owner financing with an agreement to pay all interest and equity splits when the home sells others have done it where they do a quitclaim adding their name onto title with the seller so once rehab is done the seller can't try and cut you out of the deal. 

I analyzed a deal and the numbers are looking great!

One of the first deals I had (multi in an up and coming area) my buyer was paying cash and the deal was solid.  

This might sound silly, but an old fashioned spreadsheet if you only have a deal or two.

With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

2nd home loan How did you add value to the deal?

If you were me, just starting out, first property ever, would you use this money to find a BRRRR deal or use this money for possibly 2-3 properties for down payments?