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 about 6 years ago on . Most recent reply

User Stats

25
Posts
5
Votes
Charles Giovanniello
  • East Meadow, NY
5
Votes |
25
Posts

Scaling My Portfolio

Charles Giovanniello
  • East Meadow, NY
Posted

Hello all!

I recently closed on my first rental property for university students, and have been getting a feel for being a landlord. Its barely been a month, but I'm already trying to think of ways to continue to scale and acquire more units. 

As far as money goes, i have about $45k saved, i make $66k / year from my job plus another expected ~$5k / year for the property i just purchased. 

I hear a lot about how people can scale up to like 100+ units in a year using crowdfunding, or they networked with some private money lender, or they found a great deal on 32 units with only $30k down out of pocket. Should i aim to go down one of these more creative routes? One big advantage i have is that I'm off Thursday -Saturday from my job so i can visit out of state areas and be back for work by Sunday. 

Or should i just continue down the traditional route and try to acquire another single family unit with the money i have?

Loading replies...