Continue growing portfolio

[Doug Cairns]

Hello everyone. I am a Real Estate Rookie and just getting started. I wanted to find out how to scale growth and continue to add more properties to my portfolio. 

I took out a HELOC to pay for the down payment on my first 2 properties (Still under contract).

I am putting 25% down on each so I have built in equity.

These 2 properties are already rented out and I should clear about 200/month each after Mortgage/Insurance/Management/Taxes/etc.

I would like to replicate this process again in the next 3 to 6 months. 

Is it even possible or am I being un-realistic in my timeline? Should I wait a year or more to build more equity in these properties and then do a cash out refi or take out a HELOC on those properties?

Ultimately I would like to be able to acquire at least 1 property per year minimum, more would be better if possible. 

How have you guys continued to scale your growth?

Thanks for any and all replies.

Douglas 

[Kyle Sheker]

David Greene talked in one of the most recent podcasts about building wealth, then multiplying it and finally investing it (or something to that extent). If you take the cash you have, and instead of putting $25k down on each, finding a property that needs work, fix it up and build the equity (i.e. multiply that $25k). 

If you look into BRRRR (Buy, Rehab, Rent, Refinance, Repeat), you'll learn how to maximize this $25k and still have the same equity. It's not unrealistic at all to look at a 3-6 mo period. If done well, you could do this every few months with the same capital as you're cashing it out every time. This is a good strategy to grow quickly, though there are many other strategies like owner financing, subject to or private capital. In my opinion though the BRRRR strategy is the simplest concept to understand.