I currently build about 80 units per year with the intention of keeping as many as possible.

The appraisal I had back in November last year came in at $1.97M and it's currently active for $1.7M at 40 days.

My name is Karina and currently a newbie trying to learn more about real estate investing. 

List Price $170,0001 Br/ 1 BA - Current Rent $450/ Mo1 Br/ 1 BA - Current Rent $450/ Mo3 Br/ 2BA - Current Rent $550/ MoHomes are in Fair to good condition on the exterior, interior showings not available until under contract during due diligence period.The Plan (currently)Try to negotiate to a better but calculate rents based on full price offer. 

Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.

Go to school and finish “ No Quitting” One went to college and graduated, with no debt because they worked all through college and applied to enough scholarships to make your head spin.One left home early and found consistent employment currently a young supervisor( now married with kids)The last one stayed home like first one got a trade in the electrical field (graduated).Then I told them no outside debt, you are getting houses.

The property currently produces six figures annually in gross annual income and is located just outside of Mt.

Currently, there is no charge for this service (but don't hold your breath very long).  

NIce, where are you currently in the process - looking to buy now or still a few months out?

Currently looking at closing on a new home in november/december and do not anticipate selling ours for a month or two after we move.