How do I purchase multiple homes?
How can I personally purchase multiple homes? I understand that this is a broad question so I am going to explain my money situation. I own a SFR with about 50k-60k in equity and I have another 50k that will be saved by Sept 0f 2015 and would like to purchase 3-4 home within the next year or so by this time. The homes I am looking at in OH are 50-80k in a "B -C+" area.
-Do I Offer a bunch of low ball 25k type offers?
-How does a Refi/Heloc play a role if at all?
- Do I just keep the GA home and purchase one more and be content? ( I will not be, lol)
-Should I sell the GA home to accomplish any of this?
These are questions that are a missing piece of my business plan to obtain multiple homes…HOW DO I KEEP GOING? haha
Also, for those that own multiple home or plan to: At which point did you or should I open a LLC? Thank you guys so much for your time and insight!