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Updated over 4 years ago,
Rental Growth Question
I am fairly well read on strategies and details, but wanted to get another opinion.
Background: We have completed a few flips to add capital. We are currently about 55% of the way through a rehab for a rental. This will fall under the BRRRR strategy. This rental will be our first hold. Our intention is to immediately refi out of hard money (expecting to occur in November) and purchase the next rental.
My question: Is there anything I can do to expedite growth? I realize there's not much I can do on the short term to add more than 1 more rental in this calendar year. But what would the experts do on a go-forward basis. After 2020, I expect to have 2 cash flowing rentals. One will be financed at 75% and the second is obviously up in the air. How can I plan better now, for expedited growth in 2021?
- Brian Valdivia