Is there another strategy you would go for?

While the $250 cash flow target gets thrown around a lot, it's important to remember that cash flow is all about the investor's strategy.

Wholesaling can be a bit of a different beast compared to buy-and-hold strategies, but with your background, I'm confident you’ll pick it up quickly.I’d be more than happy to share some insights from my own experience in wholesaling or answer any questions you might have.

Depends on your strategy.

Conduct thorough market research and financial analysis to ensure there's enough margin for profit after accounting for purchase price, renovation costs, and selling expenses.Types of Investing: In addition to fix and flip, consider other investment strategies such as buy and hold rentals, short-term vacation rentals, or wholesaling.

Normally (prior to the Corona age) the annual expected return was over 10% (net) and the average appreciation around 6% annually.Taking into consideration that the time to complete a project is between 1-3 years (depends on the size) and my strategy at the moment is to develop the project and to cash out, I am not sure that offering a preferred investment is possible unless I am using my own capital to finance interest distribution.Actually, I am exploring 1.

Mike, I would love to connect and speak about the area and the different strategies, creative financing, and tools needed to succeed in the Myrtle Beach market.

What are some good strategies for the California market that work for people?  

I had never thought of refinancing it with another lender This will depend on what your overall exit strategy is, also I would make sure you have several options in case the land stops appreciating.

I primarily focus on running the numbers as an LTR because, short of selling, that's my ultimate exit strategy.