Posted by JohnBoy on December 04, 2000 at 01:11:28:
If you are coming out of debt and you have minimal cash to work with then you don’t want to focus on holding properties right now for rentals. You should focus on building up your cash first. Once you have enough cash built up to carry you through any bad times that might develop from holding properties, then look into holding them as rentals if being a Landlord is something you want to do.
If cash reserves are low then look into doing flips and lease options to get started until you can build up cash. You can do flips and lease options that will allow you to make some cash and be out of the deal quick without being tied to it for any length of time. In and out! That’s where it’s best to focus to build cash up before committing to any long term obligations.
You can find a lot of information on this site pertaining to flips and lease options in the “How To” and “Success Stories” sections. The link to those are up at the top left corner of this newsgroup. You can also type in “Flips”, “Flipping” and “Lease Option” in the search archives section of this site. Search the archive section that is on the “MAIN NEWSGROUP” at this site. This newsgroup here is mostly for questions pertaing to Charleton Sheets and other gurus selling courses. This is only ONE of SIX newsgroups on this site. You will find much more valuable information on all the other newsgroups because that is where all the investors that are doing deals like this everyday post their messages and responses.