Purchase price: $210,000 Cash invested: $265,0003 Bedroom, 2 Bath, 1600 square feet, single family residence within city limits, on sewer, in residential neighborhood.What made you interested in investing in this type of deal?

They're managed by a property manager and bring in about $3k per month in cash flow after fees.With a household income of around $600k (pre-tax) and $100k available for investment, I'm aiming to find investment strategies that prioritize cash flow over property appreciation.

I paid in cash for all of this.

Purchase price: $295,000 Cash invested: $10,000 Sale price: $400,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Harvey Boyd, successfully completed a fix-and-flip on Crossfire Dr, Covington, GA 30014.

Should we sell these condos for better cash flow houses or try to find owner financed deals?

It's a market where you can still get cash flow and it's also putting up significant appreciation.

I was fortunate to buy it when prices were much much lower and got a great deal on it so we don’t have a mortgage on this building but if we did the cash flow would help with that as opposed to taking a distribution at the end of the year.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

In addition to cash, we financed the property with a loan.

I'm looking into investing in areas that would provide positive cash flow and/or appreciation.