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Updated about 8 years ago on . Most recent reply

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Brady Holt
  • Real Estate Investor
  • Clarksville, TN
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Beginning investor acquiring properties

Brady Holt
  • Real Estate Investor
  • Clarksville, TN
Posted

What is the fastest rate that a first time, part time, buy and hold cash flow investor should safely try to acquire rental properties to keep from getting in over their head? As fast as you can find good deals? 1 per month?; 1 every 3 months; 1 every 6 months? 1 per year? I recognize this is probably a very complex question and my ignorance is trying to simplify it. Any guidance or help in the rate one should try to intelligently build their portfolio is appreciated.

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Jeremy Pakalka
  • Houston, TX
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Jeremy Pakalka
  • Houston, TX
Replied

@Brady Holt It really comes down to your financial capabilities and time. The first thing you must do is get pre-approved at as many hard money lenders and traditional lenders as possible. It could save you time if you talk with a good mortgage broker. Once you have that figured out, you will know how fast or slow you are able to move. There is no point of viewing properties if you cannot get financing. 

I would tackle only 1 project to start with. This way you can go through the entire process and learn all the ins and outs. You will become more comfortable and confident with each deal and then you will be able to answer your own question. Experience is everything in this world!

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