HOW CAN I BUY MORE HOMES ?
ok mentors & guru's here is my question to EVERYONE i just aquired 5 brand new homes in summerville SC (cane bay plantation) from lennar . 1 will be my home & the 4 others will be for investment. all 5 are sfh 4br 3.5 ba. the prices are a avg of $203,0000.00 i am puting down 25% on all of them my credit is good & income also. my question is once i settle in after lets say 3-6 months how can i aquire more homes? most of my $ are going to these 5 homes. programs, tips & tricks , Leverage, etc i want to continue to aquire as many homes as i can get. please advise :)
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Also, you're asking the wrong question. Quality of investments is more important than quantity. Would you rather own 10 non-cash flowing properties or 1 that cash flows $1,000 a month?
I'd take the second. I do not invest for appreciation alone. That's speculative.
Cash flow is usually more assured.