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Updated about 6 years ago,
What are SCALABLE STRATEGIES for repeat real estate investing?
Hi everyone! What are your SCALABLE STRATEGIES for repeat real estate investing without renovations? ex. only buying condos or ready to rent homes.
Do any of you have recommendations on SCALABLE STRATEGIES for repeat real estate investing without renovations? ex. only buying condos or ready to rent homes.
I’m primarily trying to understand how to do this in the Toronto or nearby areas market. From my research I know you can do:
1. Buy, rent, save up for next down payment (20%), repeat. Seems slow as it depends on you having income for the down payments.
2. Buy, reno, rent, refi, repeat. I myself or my nearby circle do not have contracting experience so this particular route is difficult.
3. Buy, rent, refi. I’ve read about re-financing once equity builds and then using those funds to purchase. Is there a hard figure at which you should refi? Ex. x% equity built, then re-fi?
Any others?