So my business model is wholesaling but I am also trying to acquire rentals through Creative Financing strategies and I was thinking that if I do acquire some rentals to just use a property manager so they can find the tenants and deal with the extra stuff so I can focus on my main business model without having to Spend excess time on the rentals as long as the properties still cash flow good. I would like to hear some opinions on what you all think about this .?
My plan is also to get into rentals, which I plan to do with income from wholesaling. It's a sound strategy.
There are lots of benefits to it. Cash flow, of course. Depreciation, as you mentioned. Increased equity over time.
@Barry Pekin yes and I’m in a market where it would cash flow positive with property managers
Then I say go for it. As always, do your homework and network a lot with other investors.
But it sounds like you have a good plan.
I think it sounds like a great strategy. I like how you are going to remain focused on your primary strategy. Just make sure you don't view a property manager as something you can ignore and everything will go perfectly. It will still require some keeping tabs on. Good luck.