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Updated about 6 years ago,

User Stats

9
Posts
1
Votes
Davey Davanoski
  • Berlin
1
Votes |
9
Posts

How to go for 1+ rental properties? What did you?

Davey Davanoski
  • Berlin
Posted

Because i want to think to much and long term, i want to plan everything as much as i can. 

I am interest in single family homes, and i want to get as much as possible investment rentals in my time, i am 34 now. 

Is it late to start investing?

I have decided to self manage my first single family property. And my goal is when i grow to more properties, i would like to start my own management company if i can't find proper management firm to manage my properties. I want to learn good lessons from self managing properties and to see what i want, how is done and what will i need from other PM to replace me in future.

Now, how would someone go above the first property? I found a new term - refinancing - and using equity from investment property to get a new one. Is this how people grow their portfolios pass the first one? 

Should i get in partnership? 

Please share your personal experience and tips:D