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Updated over 5 years ago on . Most recent reply

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18
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Erich Bradburn
  • Garden City, MI
6
Votes |
18
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Best ways to grown my rental portfolio?

Erich Bradburn
  • Garden City, MI
Posted

What did you do after getting two SF rentals? Did you look for more right away? give it some time. Im asking this cause I jus got my first two SF rentals. Should I wait to look for more deals and build up more capital? Should I start looking for more deals right away? I have a plan that in the next ten years I really would like to be able to buy a few apartments. (one at least lol) I won't to know what ppl did to get at that level. Start buying multi family right away or did you take is slow to work up to that? I still have the 9-5 that I'm not really found of. Im also a ware that im not getting out of it over nigh, but would like to know what some peoples stores are. Hear what worked best out of the people that take the time to respond. 

Most Popular Reply

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3,758
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
2,596
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3,758
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
Replied

Take your time, and finish the rehab.  Then set funds aside for emergencies.  Then set aside funds for down payments.  Take the time to strengthen your financial position.  Move into your next owner occupied deal, stay for 2 years while you renovate and then rent it out.  Look for an owner carry deal.  

Once you have three houses, the rents they generate will often pay for the 4th.  It is the down payments and reserve requirements that are difficult to get at first. I had to be focused.

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