Having renters will help cover the cost of owning the building and you start accumulating equity.

Hey all,Just wanted to share some of the accumulated good news of 2016.

I plan to accumulate properties, probably single-family at first.

<sob>sick of corporate work - working for someone<sob>now we have that out of the way, i am just starting out and have not got my first purchase yet..I am going to take somewhere between $20k and $50k max out of my current primary residence to get me started in real estate...I am having trouble figuring out a strategy though...Number 1 long term goal is to have accumulated income producing (cash flow) properties.So, i wonder if i should either:- try to buy 1 or 2 SFRs or duplexes to start off with as a way to get experience and rent them out - Comments about the property mgmt though do concern me - i would have to include this as an expense as i don't want to do that atleast while starting out and still working full time.OR- try to flip/rehab a few properties to build capital - say 2-4 properties and try to build $100k+ to dump into an LLCOR- leverage the $50k to try to find a larger apt building (say 10 to 20 units), have it property mgm'd and then think about flipping/rehabbing to build capital/equity...Not sure if this option is too much to start off with though or if I could get the finance.

That said, I am quite young meaning that I'm in the stage right now where I'm simply accumulating capital so investments won't be in the immediate future.

After learning more about the possibilities of creative financing, we've began to really ramp up our REI business and have accumulated 13 units over the last 18 or so months and I have the goal to get to 100 doors by then end of 2019.

@Richard Sherman so then are you continuing with the brrrr strategy to accumulate properties or are you going more the “traditional” route and saving up between each new property so you can purchase with 20% down conventional financing?

Look to see what they paid for it, they prob want the appreciation instead of waiting monthly to accumulate the money.

An all cash deal means you are behind until your accumulated cash flow equals the cash you put in.2 - ??

I doubt a tenant will care much since they don't usually accumulate much or have the same space needs, but when you go to sell it will likely make a difference.