Rebuilding Capital after First Investment!
Hello all, I recently purchased my first investment property and I’m happy with it! Although, it took quite a bit of my reserves and I’m curious to hear some of you guys stories on how you rebuilt your capital in order to invest in your next property!
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Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
Self sustained income source. I didn't start by buying hold properties. That's a one time use of funds, and as you are seeing, you then need to replace them to move forward. Very time consuming, and VERY expensive to you.
The alternative is to flip the cash you have at the start (Seed money), reinvest it in the next flip, and continue to do this over and over until you reach a point where your seed money has grown large enough to take the flipping profits from every subsequent flip (only the profits...the seed money continues to flip, over and over), and invest that into the holds. This becomes your own private source of funds...and, in the end, if you look closely, you should never spend a dime.