Not sure if I’m in the right place here, because I don’t flip. I buy to hold, good quality with good capital growth. And I’m doing OK too, with 6 rentals & finally actually living in one, plus 2 more on long term settlement.
Thanks, Ryan. I’ve been at it for nearly 10 years & by the end of next year, I’ll have a total value of about $3M & debts of around $2.5M. After that, the value grows exponentially & the debt growth is either static or linear (static if I leave it alone, linear when we start borrowing against the equity & retire).
I’ve been finding the best way to hedge my flips is to focus on those with high CAP rates. Making it a lot easier to hold on to them in the turmoil of todays market.
4 posts, 2 voices
AussieRodney writes, Mar 26, 2008: (6 posts)
Not sure if I’m in the right place here, because I don’t flip. I buy to hold, good quality with good capital growth. And I’m doing OK too, with 6 rentals & finally actually living in one, plus 2 more on long term settlement.
More at http://blog.fiddaman.info/ & http://aussierodney.com/
Regards, Rodney.
ryan writes, Mar 26, 2008: (22 posts)
You are in the right place. We welcome all types of real estate investors. And in the U.S., at this time, your strategy may be the way to success.
AussieRodney writes, Mar 26, 2008: (6 posts)
Thanks, Ryan. I’ve been at it for nearly 10 years & by the end of next year, I’ll have a total value of about $3M & debts of around $2.5M. After that, the value grows exponentially & the debt growth is either static or linear (static if I leave it alone, linear when we start borrowing against the equity & retire).
ryan writes, Mar 26, 2008: (22 posts)
I’ve been finding the best way to hedge my flips is to focus on those with high CAP rates. Making it a lot easier to hold on to them in the turmoil of todays market.