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Updated about 6 years ago,
How do you move to the next deal?
Hi Everyone. I've been lingering on BP for a while, but haven't really posted anything until now. For example's sake, let's say I'd like to build a portfolio of rentals that would provide a total of $2.5K/mo. I find a deal that cash flows at $250/mo for my first deal. To get to 2.5K/mo, I'd need 9 more similar deals. This seems like a big challenge that would take decades and would like to know what others have done. If I use a big chunk of capital for the first deal, it would take some time to build more capital to get my second deal. And again for a third deal, etc. Is that just how it works? I'm not expecting overnight success, but am curious how others have gone from 1 to 2 to more in seemingly just a few years.
Thanks in advance.