Investor · Stockbridge, GA · Member since 2015 · 60 posts · 16 votes
Hey bigger pockets!!!!! I have a native in my hometown who has 20 plus properties. Did I mention that he's only 34. How does he do it? A commercial loan doesn't allow you to purchase that many. Most the homes he's buying are around 30,000. He doesn't flip and sell only use them as renters. The numbers doesn't make sense to me.
Rental Property Investor · Tucson AZ / Nice FR / Washington DC · Member since 2016 · 1k+ posts · 1k+ votes
10y
What makes you think that you can't have that many commercial loans or properties? Local banks will happily fund deals as long as it looks like easy risk. Age is only a number. Banks just need the deal to make since to them.
Lots of options; could be buying with cash, rehabbing, then refinancing. He could have investors helping him in this area, or not. Bundling deals into single loans, leaning on older properties with new loans for zero down deals, etc.
Could always ask him, or go down to the court house and look over stuff, title work, etc. You can learn a lot just by asking around town, calling the selling or buying agent, last owners will tell you everything you want to know and some.
Plenty of guys in there mid to late 20's with 30+ buildings. Everyday it's all they work on, making more deals when they ain't working for the man.