Currently, I have 30k saved up, do I just keep saving until I have enough cash to do my first deal?

Hey guys, I’ve been building a portfolio for a few years of commercial and residential properties, it’s been goin great so far until I feel like I’m running out of cash to buy new ones, currently I’m flipping some properties one at a time to make money to buy more rentals, my problem is when I’m done rehabbing I feel like I want to keep them and rent them out!

So in my mind STR is good tool to catch long term appreciation and REDUCE EXPENSE when folk is vacationing.For me it is as the following:if you like snowboarding you would buy in Tahoe or Denver or Aspen.if you like beach you buy in Hawaii, Destin, Panama Beach FL or San Diego.if you like hiking/forest you go to these Servier county,etc.The problem is if you don't have hobby and don't like to go for vacation LOLI cut 90% of my vacation budget by having STR, this is the internal profitability metrics LOLIf my own purpose is to make money I would find investment that yield 30% IRR and >1.5EM and I know it's not that in vacation market in 2023 lol.

Also find out how to file a judgement for outstanding rent-you'll likely never see the money, but if you can get it attached to his credit score, that would be good.

So you'll want meticulous records that show the money going only into that property.All this being said though, you may find that it is to your advantage to not try and carve these out of the sale. 

I’m thrilled to introduce myself as a new agent in the Los Angeles area and joined BiggerPockets to make more connections, friends and most importantly to learn what to do with my money when it comes to investing.

Because of that, I decided I wouldn't put any investors' money or any of my own in that region, and certainly not for a 7% ROI.

Nothing wrong with being a private money lender.

We still made plenty of money... but you don't know what you don't know... and in Flips, that can get very expensive, very fast.  

You still need to put at least 10-25% down depending on experience for a hard money loan.