I am new to this site and Real Estate Investing in general. I have always wanted to do this so I am going to give it a go.
I am going to start a direct mail campaign in January, targeting 2500 homes a month with yellow letters. Hopefully this will turn up some some good leads on houses.
Should I do more than 2500 a month to get enough leads?
I have 500k in cash to use. I am looking for houses in the 200-250k range.
My question is, if you were in my position with the cash. Would you use the cash for one house to rehab and sell at a time OR would you do multiple homes with hard money loans?
Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
9y
I would use hard money to do multiple homes. Basically you'll mitigating your risk. If you do one house at a time and it bombs you're in trouble. If you've got 5 or 6 houses going and one bombs you can count on the other 4 or 5 to still make money.