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.
What do you mean by COC? I would normally think cash on cash but then your question doesn't make sense.
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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