Updated over 5 years ago on . Most recent reply
Getting started in Rental properties
Hey everyone! So I my company flips houses but is looking to get into rental properties but to be honest, we have no idea where to start. Any advice on how to begin analyzing properties? Thanks!
Most Popular Reply
Any property you can profit on a flip from, you can profit on a rental from.
If you're already flipping, you already know everything you need to know.
Simply change the end result. Instead of selling a rehabbed house, market it for rent. Once it's rented, request a refinance with your lender. If you've hit a payload, you'll make money and have a rental property. If you got a vein you'll leave perhaps 3-5% equity in the house and pull the rest out.
You can even keep the rental side fairly passive since if you continue to select only deals you would flip, you'll tend to have leftover money from the deal that you can set aside as management fees, to pay a property manager.