Updated over 9 years ago on . Most recent reply
Buy & hold
Hello everyone,
I have set myself a goal to purchase a single family home or 4 plex by August 2015. I have a good amount of money saved up & was wondering if it's a bad idea to use your own money? Also when purchasing a buy & hold what should I look for other than cashflow & purchasing it under market value? Any helpful info would be great as well.
Thanks!
Most Popular Reply
Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
Look for the ability to refinance as soon as you can. This gets your cash right back in your hands to re-use. Repeat this in a string of deals. The end result is you are accumulating properties that cash flow, but you never actually spend any money. No matter how hard you try, they keep giving it back.