I have acquired 5 rentals all with great ratios along with flipping 3 in the last 4 years.

Trying to clarify what I’ll need to acquire to reach that goal ultimately, then to get to know people who have ‘made it’ there and can help me see holes and blind spots so I can smart about it.

@Jared BakerMake sure you do your due diligence on the 8 unit but if you are able to acquire it with a minimal down payment and owner financing, it could be a deal.

You should consult your tax advisor for the specifics.I'd be more inclined to figure out why your parents are financially strapped and how that can be remedied in a more streamlined manner than what you're proposing.Infusing them with a lot of cash may or may not fix the issue in the long-run.

-I partner on most deals and take only a 9% GC fee which 4.5% is deferred until project close out -we are partnered with architects (both HOU/ATX markets) and have a design team so most of our equity partners are silent on the deal (unless they would like input on everything) since our team has a combined 45+ year experience acquiring, designing, marketing, and selling spec/design build homes. 

Purchase price: $425,000 Cash invested: $85,000 https://www.alexanderresidential.com/808-theresaLot acquired and developed mid 2019- not listed yet but 4/1/2020 completion.

However if this is even feasible, that would mean I could then use my HELOC rather quickly again to go out and acquire another rental property.

Hi BPers,I have been acquiring properties through LLCs (SFR-5 units) by using outside investors in combination with hard money.

Also, would I even need to invest my entire cash savings to acquire a new property on my own given my current circumstances…whether it be a SFR flip or a Residential Multi… or am I over leveraging myself with 20% down?

I’m interested in acquiring single family properties.