Leveraging Existing Property

[Wayne V.]

Hi, I'm looking for some advice on the best way to leverage property that we have with the intent of picking up foreclosed properties for fixing and flipping. I'm a GC with many years of rehab experience, lots of tools and equipment. The property is a house that is rented with about $100k in equity, and a factory building in upstate NY that is valued at around $70k with no encumbrance, We're looking for projects with buy ins of around $25k - $ 35k, and renovation budgets of $50k or less. The goal is to be doing about four of these a year.

I'd love to hear any advice someone might have, experiences, and definitely holes in my plan that I'm blind to. All comments welcome.

Thanks !!!!