Congrats with your first rental property you’ve come to the right place to learn everything you need to know about real estate from him very smart people.

Hi Kyle,This is the most common question I get asked.Don't waste your time because nobody in their right mind is going to fund 100% of your project.In order to get into new deals, build, buy, flip etc. you need to have some skin in the game.A bridge loan to get the cash out of the property on the market is possible, that can then help get you the cash needed and start this new build.

Obviously some property types and locations are doing better than others. 

Purchase price: $100,000 Cash invested: $1,000 Sale price: $115,000 My partner and I found this property on Zillow listed much higher than the value.

@Haley ElisabethIf the ultimate goal is to build your portfolio, then I would sell the business and flip properties, while keeping the ones you like.

They know better than anyone.......Oh, and you can also get some of the better deals when buying those properties, as long as you have a good idea of the potential extent and cost of the repairs and plug that (with a healthy contingency) into your proforma. 

After getting a good amount of equity in the house for future HELOC funding, I was going to move out of it and use the property as a rental utilizing a lease option, or, rent to own agreement. 

I want to cover home and commercial sales as well as rental ownership and management. 

Mid term rentals are okay - depends on the property and location if it’s really worth it over LTR.   

Looking to get to over 50 properties in a few markets.