Long term buy-hold vs flipping on terms - Posted by Alexander - CA

Real Estate Investing
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Posted by Alexander - CA on March 02, 2008 at 12:13:52:

I guess everyone has their own strategies to get to wealth.

Just that I noticed that some people do not want rentals, they would rather sell all by owner financing.

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Long term buy-hold vs flipping on terms - Posted by Alexander - CA

Posted by Alexander - CA on March 01, 2008 at 11:15:01:

I came up with an idea that would produce a picture of what people are doing across the country in terms of investing.

I think it would be highly beneficial to get a sampling of the following:

  1. Part of country
  2. Renting or re-selling on terms
  3. Number of rentals/ number of deals
  4. Total monthly cash-flow
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Re: Long term buy-hold vs flipping on terms - Posted by Eric in FL

Posted by Eric in FL on March 02, 2008 at 06:39:44:

Alexander,

I can appreciate your need for info but you are asking questions that seasoned investors don’t like to answer. People aren’t going to tell you exactly how many rentals they have, deals, or monthly cash flow. Some may but in all my years I always knew the investors that were the most wealthy. They wore non flashy clothes, drove an old car, and you really never knew where they lived. Then usually over a lunch or a drink you find out they are trying to scale back to less than 100 properties. I found this to be the case almost 95% of the time.

Best Regards,
Eric

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Not sure what you are trying to… - Posted by Rich-CA

Posted by Rich-CA on March 01, 2008 at 21:19:07:

…accomplish with this.

Looks like phil’s comment was for the post adjacent to yours.

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Re: Long term buy-hold vs flipping on terms - Posted by phil fernandez

Posted by phil fernandez on March 01, 2008 at 13:20:58:

If you can, I would come to a quick agreement with your wife on the divorce. Sometimes easier said than done. I would not invest until this agreement becomes official. In other words when the agreement culminates into the actual divorce. Before the actual divorce happens you will probably have trouble obtaining financing from a bank and if you do come across a killer deal, your wives attorney will probably want a piece of the action on that property.

Get through the divorce and then invest wikth a clean slate. Just my opinion and I’m not a lawyer.