- shangrila00Member@shangrila00Join Date: 2009Post Count: 65
Just curious to find out what investment purchase strategies people here have? I.e. Do you buy several properties at once, where they provide you with the different things you need in order to get you to where you want to be (financially speaking)? For example, one might be in need of renos, so you handle that one; the next you buy, say, a month later might be CF+/-/neutral; the third could potentially be a development site, etc. So you end up buying a few properties at once (if money allows or you want to).
Or do you just buy one IP at a time, take what you need from it/deal with it first, and when that's achieved, you move onto the next one?
Thanks!Nigel KibelParticipant@nigel-kibelJoin Date: 2005Post Count: 1,425
hi I have been doing this for some time. What I do is develop property and I bring in partners to share the profit. This is the only real way to buy a property at a real wholesale priceDWolfeParticipant@dwolfeJoin Date: 2009Post Count: 1,253
I've got a mixed bag, some buy and holds, reno, development. It's really what's working numbers wise at the time.
As Nigel said developing is really, really awesome! How else can you split one property into 10 or more LOL!
Dshangrila00Member@shangrila00Join Date: 2009Post Count: 65
How do you handle serviceability/holding costs during the development (which I know can last a while), especially if more than 2 or 3 at a time are involved? Assuming you're only relying on income, that is? And if they don't sell for expected/wanted prices?