How People Acquire Over 10 Properties a Year

[Jacob Dame]

What in the world am I missing out on?  Look at this article: http://www.businessinsider.com/college-dropout-bui...

This man dropped out of college after his sophomore year (I'm starting my junior year) and began investing.  He purchased a 6 bedroom condo for $60,000!! How do you find that sort of deal.  Then the next year purchased two more.  The 3rd year he acquired 6 new properties, and the next year after that he purchased 15 more!

I can see myself owning 6 properties one day.. but that would be like 10 years from now.  I obviously am missing something here.  How does one find these deals?  How do you get a mortgage when you need down payments?  You have to have a place yourself to live in, and car payments, etc.  So how you save enough for a property beats me.

You guys have any general thoughts?  Anyone else feel the same?  I'm very amazed at stories where people purchase multiple properties a year.