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Author Topic: Rehabbing and Renting  (Read 2894 times)

Offline mrellis

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Rehabbing and Renting
« on: October 21, 2010, 03:58:25 pm »
Hello To All  New to REI. Want to start rehabbing properties and renting. where do i start first . Need some Capitol. What Do i do first to get that Capitol. thanks

Offline Mdhaas

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Re: Rehabbing and Renting
« Reply #1 on: October 21, 2010, 04:05:33 pm »
Welcome! 

Do you have any liquid assets? 401k, investments, bank acouunts tha you can pull money from?
If at first you don't succeed.....................skydiving is not for you

Offline THATREIGUY

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Re: Rehabbing and Renting
« Reply #2 on: October 22, 2010, 06:42:16 pm »
and if you dont have any thing to pull from i would recomend wholesaling or lease options to start...check into them preferrably wholesaling     :beer

Offline mrellis

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Re: Rehabbing and Renting
« Reply #3 on: October 22, 2010, 07:34:56 pm »
yes 401 k i do have thanks to all will try that

Offline AJ290

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Re: Rehabbing and Renting
« Reply #4 on: October 23, 2010, 09:54:47 am »
and if you dont have any thing to pull from i would recomend wholesaling or lease options to start...check into them preferrably wholesaling     :beer
Agreed these two strategies are the best way for a new investor.  I lean towards lease options, however.  Much easier to get a homeowner to agree to a lease option than to take a 40% decrease in price that you need in order to wholesale.
Two favorite sites:  this one, and
The Naked Investor

Offline mrellis

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Re: Rehabbing and Renting
« Reply #5 on: October 23, 2010, 07:40:50 pm »
thanks so much for the info. will try the lease options. and will see how it works. :biggrin

 




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