All Forum Posts by: Matt Scallions

@Brian Lowry Hi Brian, we too are looking to invest in Florence. My sister goes to UNA and we live in Birmingham. We are looking to buy and hold and will need a property manager. Would you be willing to share who you are using?

Thanks!

Matt Scallions

My wife and I are getting started with investing in Birmingham, AL.  We are planning to start flipping and transition over to long term rentals in 3-5 years.  We own our home but don't have much equity built up yet so we are looking for other options to finance our first deal.  Our extended families have some cash reserves that would be just the catalyst we need to get started on our first flip deal.  Neither of us like asking for money (kind of a pride thing I guess) but that is the main thing missing from our business plan at this point.  How do we present the investment opportunity without sounding like we are begging for cash?  

Thanks for your help! 

@Eric Delcol thanks! That is great advice.

My wife and I are just getting started writing our business plan for investing. We bought our primary home last year and did a good bit of inprovements ourselves. We enjoyed the process so we are thinking to start out flipping and then, once we have some cash reserves built up, start buying long term rentals. Our goal is to be full time and able to focus on our family in 10 years. Is this a good approach? Anything to consider as we write our plan? Thanks!