All Forum Posts by: Rod F.

Hermilo, my first house was with a partner, We both had jobs that paid our own bills. We found a house that was undervalued due to condition and we talked to the bank and said our plan was all about reinvest, reinvest. no cash out. We were asking for purchase price 50% of current rehabbed market value. we were willing to put in rehab fees and rehabbed and rented. Hung on to this house for two years. Showed the banker we would do what we said. started looking for other houses. now have over 40 and closing on two this month. Still not taking money out. Still reinvesting and holding houses. Started using my IRA now for self funding. returns are great.

30k area is where I spend my investment dollars now. currently buying two this month. hoping to invest less than 6 k in each. going to be close on both of them. been doing the no money down for 9 years now. Buy and hold has been my strategy. Started moving IRA moneys last year. May take 3 months to buy a deal, but I wait and jump as soon as I see it.

u guys are getting a deal . It's 35K now this week.  yeah Right!!!!!! Looks like great systems for lead generation. lots of info. but when it gets down to it, they tried to show me how I could put it on a credit card, or pull a heloc loan to pay for it.  Sorry I didn't fall off the turnip truck yesterday. I'll just keep rehabbing, renting, occasonialy flipping.  It's been working for 8 years now.