How do I purchase multiple homes?

[Rich Cee]

How can I personally purchase multiple homes? I understand that this is a broad question so I am going to explain my money situation. I own a SFR with about 50k-60k in equity and I have another 50k that will be saved by Sept 0f 2015 and would like to purchase 3-4 home within the next year or so by this time. The homes I am looking at in OH are 50-80k in a "B -C+" area.

-Do I Offer a bunch of low ball 25k type offers?

-How does a Refi/Heloc play a role if at all?

- Do I just keep the GA home and purchase one more and be content? ( I will not be, lol)

-Should I sell the GA home to accomplish any of this?

These are questions that are a missing piece of my business plan to obtain multiple homes…HOW DO I KEEP GOING? haha

Also, for those that own multiple home or plan to: At which point did you or should I open a LLC? Thank you guys so much for your time and insight!

[Curt Davis]

Dont worry about an LLC, just make sure you have enough insurance coverage.

Not sure what you mean regarding refi/heloc unless you mean using your heloc tp pay cash then refi into a loan to get your cash back.  That could work and many people do this.

If your going to come into some cash soon you might just consider buying homes using conventional 20% to 25% down payment.  This is good leverage.  

Remember, slow and steady wins the race.  My wife and I have accumulated 19 rental homes and we started in 2008 and just got to 19 1 month ago.