Leveraging and buying cash advice
Ive been analyzing plenty of deals lately but things are really heating up here in the tri state area (NJ, NY, CT) im looking for my best course of action since I have some cash to play with. Although 100k doesn't stretch that far i was planning to acquire them cash at below market (that's the plan at least) and refi. After purchasing an all cash deal what is the typical turnaround time for being able to refi and rinse and repeat.. also I want other investors take would they just start with leverage or all cash then refi into deals.. thanks in advance
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@Meti Kay typical seasoning periods, especially for new investors are 6 months. You may get lucky and find a lender that will shorten the timeline but plan on 6 months.
As far as your other question I would say it depends on your strategy. You could do a couple flips remotely (We do these in Indianapolis and OKC) and build your capital. That is an all cash play but helps to build your capital. If your looking for strict buy and hold I would target the BRRRR strategy to maximize your $100K. Happy to provide more detail if needed.