After getting a few deals under my belt and studying the market some, I want to pick up a few buy and holds.

We want to learn as much as we can and get rolling on some buy and hold rental properties.  

However, now that I have my primary residence paid down a little more I am interested in giving myself more financial freedom in the future and I am interested in buying and holding multi-family properties.

Or would it be better hold off a little longer?

Most people will choose to use their own cash to purchase the home then refi once the rehab is complete if you are looking to buy and hold.

You have to know, with pretty high certainty, the following:1.Reasonable ARV.2.Reasonable rehab costs3.Projected holding costsWithout that info, no formula matters.

Starting earlier means that you start the mortgage pay down sooner if you Buy and Hold and therefore your properties are paid off faster as you get older.2.

If it takes 6-months to sell a flip, the holding costs are 8% of ARV.

Hold on to it for as long as you can it is a means to an end.

Prices are starting to go up a bit here in Windsor, but prices are still well below the national average, and still make for great cash flow for a buy and hold.