I joined the Air Force at 18, spent six years enlisted, and was fortunate to acquire an amazing set of skills that allowed me to exit the military at 24 and begin making in the six figure income.

I have been pumped after reading, and watching a lot of podcasts about passive income potential, and rehabs too.Last week, I acquired two adjacent properties.  

Hey everyone, so I am looking into acquiring my first flip here soon and I have a few questions regarding the self-rehab procedure involved.    

I'd like to setup a company to acquire rental properties, mortgage notes, and potentially other investments like shares in a startup.  

Its the best way to acquire cash In the DC area no matter what region of the city you're in.

What's even worse are the ones that have some money to blindly invest and are lucky enough to be in a sustained bull market, using as much leverage as they can manage to acquire, and then lose everything when the market turns bearish, which it always does. 

On the other hand it made we work really hard in order to make a deal work to acquire it. 

Account Closed,"Pre-foreclosure" covers a lot of ground.Some will need to be acquired thru short sale due to negative equity.Some will be probates where the family just doesn't want to deal with it.Some will be true financial hardships - illness, loss of income, etc.So, yeah - you'll need to "fill your quiver" with a lot of knowledge and skills and use what the deal requires.

Wholesalers tend to work in multiple states allowing you to diversify and expand into unrelated markets (spread risk), offer more properties and give creative financial solutions that a single operator may not offer.Outside of that, you also have strategies to acquire the properties.

Cash Pros: no mortgage, ability to take it all out in refinance, can leverage (finance) House 2 b/c House 1 is all cashCash cons: the cash is temporarily (or permanently) gone, not leveraging the most out of your dollar, if the property doesn't refinance where you think it should - you can't get all your cash backLoan Pro: potential to maximize your leveraging ability, tax incentives, experience in going through the loan processLoan Cons: holding costs/mortgage payment, acquire debt, interest rates rising make it tough to refinance (for the time being)-----Depending on the amount of capital you have, I might recommend the BRRRR strategy.