Newbie with questions

2 Replies

I am a newbie to BP and have been hanging out for a few months just trying to soak it all up.  I wanted to put my scenario out there and see what the BP community had to say.

I have had 1 SFR for about 4 years and have just recently left my business after 7 years. I have some cash to work with but what I don't have is a W2 or excellent credit. I would say my credit is good. After reading some of the Cash flow vs. COC debates it seems that COC would be a better use of my money. Like everyone else I am looking to achieve as much cash flow as possible. I guess my question is how do I achieve this? I'm still wrapping my head around the creative finance process and just don't quite understand where to start. Thanks in advance for any input.

I do mean Cash on Cash.  Please forgive my ignorance as I am still learning.  example, I could pay all cash for $100,000 property and have nothing left to use or I could pay 20% down and be able to get 5 properties for the same money, but with financing.  This is my understanding of the debate and why I mentioned it.  I hope I explained myself a little better.

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