Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
Charles Burkholder
  • Contractor
  • Bancroft, Ontario
3
Votes |
16
Posts

20 yr old newbie....Buying the second rental property....

Charles Burkholder
  • Contractor
  • Bancroft, Ontario
Posted

Hello guys, this is my first post. I just opened an account a few minutes ago. I am 20 years old and I am not the average kid. I have ambitious goals of rental real estate investing. I have a private pilot's license and studying for my commercial pilots license, building my own airplane and already own a duplex with a cap rate of 13%. I bought it with 20% down and with tenants in it already so I haven't put a nickle down on the mortgage out of my own pocket. And I don't come from a wealthy family. My parent's make less then $35000 yr. I have worked hard and saved hard. I am looking for my next property and read blogs posts or articles of how somebody gets started in investing and and keep on buying one property a year etc. My question is how they do that. Do they re-finance their existing properties to get the down payment amount?

Loading replies...