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Updated over 6 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Lon Coleman
  • Real Estate Investor
  • Davison, MI
2
Votes |
8
Posts

Help with getting started!! $100k

Lon Coleman
  • Real Estate Investor
  • Davison, MI
Posted

All, 

I am just getting started, my plan was Buy and Hold rentals...I am looking for cash flow but I am wondering if that is the best option for me. I have secured about $100k of financing at 0% for 12-24 months. So this will need to be paid back in some fashion. What is the best option for me to get started? Multi-family where the cash flow is more? I was against the Fix and Flip, but might make sense to use the $100k to generate profits from fix and flip "step 1" and use the profits for rentals in "step 2". What about 20% down on 5 houses and refi... I still think the mortgages eats all my cash flow... even on a 17% Net ROI property.

I am stuck and could use some guidance. 

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