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Updated almost 2 years ago on . Most recent reply

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33
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Flue Hasipi
  • Investor
  • Clearwater
8
Votes |
33
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How to best build a rental portfolio using cash (not borrowing) ?

Flue Hasipi
  • Investor
  • Clearwater
Posted

Right off the bet, the reason I don't want to borrow is that dealing with interest is against my religious beliefs. I am preparing to move to Tampa Bay in 3-4 months, I will be renting for a while so I can use my $350K -$400K in cash to invest. My plan is to hopefully get into flipping and once I have made some extra capital to buy a property for cash and hold it, then hopefully repeat. I could possibly sell my rentals in AK and free up another $350K if I realize that I am able to deploy it and make more than the $4K monthly cash flow it now brings. Do you recommend another strategy to aside from flipping houses that would help in building a portfolio of cash-flowing properties? Would a STR be a feasible alternative in Tampa Bay?

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Bob S.
  • Real Estate Consultant
  • Cleveland
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Bob S.
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @Flue Hasipi:

Right off the bet, the reason I don't want to borrow is that dealing with interest is against my religious beliefs. I am preparing to move to Tampa Bay in 3-4 months, I will be renting for a while so I can use my $350K -$400K in cash to invest. My plan is to hopefully get into flipping and once I have made some extra capital to buy a property for cash and hold it, then hopefully repeat. I could possibly sell my rentals in AK and free up another $350K if I realize that I am able to deploy it and make more than the $4K monthly cash flow it now brings. Do you recommend another strategy to aside from flipping houses that would help in building a portfolio of cash-flowing properties? Would a STR be a feasible alternative in Tampa Bay?


 How ? Buy rentals with 10% or so net caps, refi and buy more. Fl is NOT the place its all way overpriced. I live on the beach in FL and do all my biz elsewhere.

Good luck  

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