Street car complete in 3.5 yrs great location...in KS MO

FYI I’m selling condos here in San Diego and buy units in KS MO .

I'm very open but I want to make sure I build up my knowledge before making any moves.There is so much information available and it's a bit overwhelming.

If you are cashflowing now, have a solid tenant pool where it's easy to rent out, your property is almost paid off and you want to build up a rental portfolio why sell?

When you get into asking which asset to build up, look at which gives you either the best growth or best cash flow in both short and long-term.

This gives you time to plan your next move, improve your credit, build up a down payment, and Next, the FHA mortgage can be used on property when you agree to owner occupy; if you want to use as investment, then find a plex unit and occupy one unit.  1 to 4 units are still considered residential, while 5 units and up require commercial lending.All the best~

The notes our company has purchased are in IL, IN, KS, MI, MS, NC, PA.

Do a couple of deals with normal timing, pay the lender back, then share the bank owned scenario with them, they might want to partner with you.And in the 17 years of doing business, I have never had a private lender ask for a credit report, an appraisal or an inspection, they did, however, want to see before and after photos and profit and loss sheets of deals I have done (a few of them anyway) Once you build up a reputation of doing deals and using private money, you can get funding fairly easily for regular closings and build a track record with those lenders and they might fund instantly at the courthouse steps

Just build up enough equity so that you can then use a HELOC to draw down cash and then go buy another rental property.

Image if I had 30, just 3 x those numbers.Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications.