Or try to get seller to accept part of the money as a balloon payment in some small number of years in the future; that way they don't have to wait forever to get their money, and you buy some time for a refi.

If you are not well versed in assessing the condition of the property, get inspections and bids for reapirs if you can, if you are under contract begin now as your inspection period wil lnot run forever.

However I thought that was only during the purchase period not forever after?

I have been lurking on BP for about 2 months and consuming every bit of knowledge I can get hands on.I believe I bring enough capital from my 9-5 job not to focus on cash building REI strategies; therefore, I am aiming for cash flow and wealth building strategies.

., interest on your home loan), its gone forever.

I only wish to raise rent on a coulpe of tenants that have been there forever, one was in the house when I bought it and when I tried once to raise rent threatened to move out so I relented.

Someone here suggested flipping it immediately to someone else without doing repairs - i.e. wholesaling or selling to a consumer.

I'm sure there were dead cats somewhere in that garbage.There was a ridiculous amount of trees and bushes on this property that hadn't been trimmed forever.

It takes less time than 8 SFDs but it can be time consuming and you need to be flexible in your personal schedule to tend to the flock, you never know when you will need to go over there.

The economy will not be depressed forever so now is the time to buy and you might like this scenario so well that you keep doing it!