Ideally, I wanted to buy a property without a loan and do the BRRRR method, do to not many decently priced properties in the area that have some potential to remodel or add an addition to for adding more value to the property then cash refinancing after renting to move on to the next one.

Purchase price: $662,000 Cash invested: $30,000 Triplex in Fort Meyers Florida!

What kind of loan are you using or are you paying cash?

That being said, these deals are absolute cash cows. 

Those numbers were something that many of us were able to pull off pre-pandemic, but it is much harder to do so now.Also, keep in mind that the “cheap houses” in the beginning can end up wiping out your cash flow with a major Cap Ex or maintenance expense.

Would like to purchase my third investment property for around 850K property will cash flow me around 3500 a month I have just under 110k in liquid for the down payment what’s the best route to be able to gather the rest of the cash for the downpayment which if it’s 25% downpayment I’m looking for another 110k loan what is the best route to take ?

I ask because I'm interested in doing a cash-out refi in the future.Thanks so much, Jon

Hi everyone,I was intrigued with the bigger pockets podcast show #968 Making $10,000/ Month PER Rental with These Guaranteed Cash flow "Contracts".

You can do a cash out fixed equity line or second home loan towards the down payment of a new investment to keep your current terms intact.

Most people choose cash flow.