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Updated over 4 years ago on . Most recent reply

User Stats

30
Posts
18
Votes
Travis Jacobs
  • Rental Property Investor
  • Chattanooga, TN
18
Votes |
30
Posts

Buying with 20% down? Strategies to scale faster?

Travis Jacobs
  • Rental Property Investor
  • Chattanooga, TN
Posted

Hey everyone! Merry Christmas to all! I recently closed on my live and flip in Las Vegas, NV for a profit. I now moved to Chattanooga, TN and I am here putting in offers on properties here to house hack for multi family only. (Duplex, triplex, 4 plex). My original goal was to buy every year or two putting 20% down but that seems like a lot of money to throw on each property. In my situation house hacking each year or so makes sense, but I would like to scale at a decent to aggressive pace. (1 property a year, then possibly 2 a year in the future). I have considered to do just the one house hack then buy pure investment properties as well, but the financing may become more difficult that way without 20% down. My father wants to invest as well but he only has 55k so far. Working on developing some strategies to make my life easier! 

What are some strategies you have been successful with?

Most Popular Reply

User Stats

149
Posts
135
Votes
Kelly Rastatter
  • Investor
  • Chattanooga, TN
135
Votes |
149
Posts
Kelly Rastatter
  • Investor
  • Chattanooga, TN
Replied
Originally posted by @Joe Villeneuve:

Yes.  There are many ways to scale...and as fast as you would like to.

There are three things you have to learn first:

1 - How to analyze "Markets"...not (just) properties.
2 - How "Money Works"...and I can guarantee this isn't what you think.
3 - What is a "REI Plan", and how to design one specifically for you,...and

...How all three of the above knowledge basics MUST work together as one.

Care to elaborate on these points or reference where he can learn them?

  • Kelly Rastatter
  • Loading replies...