What are your strategies to obtain more properties with limited cash?

[Matt Heath]

Hello, 

Can you share what some of your strategies are to obtain multiple properties and continue to grow your business? I see people out there with several million dollar portfolios and I wonder how they obtained this large portfolio. 

I am currently buying a fourplex and moving into it to start. Any suggestions what to do next with limited money to grow my buisiness? 

[Joe Villeneuve]

If you have cash to start (or a "cashlike substance"), and good credit, or can partner with someone that has what you don't, you can accomplish your goal very easily...and  quickly.

Basic Steps to success:

1 - Buy property and rehab using cash
2 - Season property long enough to refinance all your cash back out
3 - Re-use cash on next deal
4 - Repeat previous steps until you've reached you goal.

Since you are re-using the same money for all the properties, the only cash/money you would need is enough for the most expensive property.  This means you must invest in a market that provides enough of these properties to execute this system.  In the end, since you are refinancing the cash out of every property and using it on the next, you never actually spend the money.