Updated about 8 years ago on . Most recent reply
Discouraged. No idea how you pros do it!
Can someone explain how to keep buying property? I have read all about the brrrr strategy etc. but real life doesn't seem like it will pan out
I have 5 financed properties now. Planning to refinance 3 and buy more but I am finding that property 6 and 7 will have much higher reserve requirements and 8,9 &10 get insane. 10+ can't even be financed
I think I can pull off 6 and 7 but how on earth can I ever get 8 much less 8+?!?
Thank you
Most Popular Reply
You don't have to get creative. The answer is find a different bank. I use a smaller local portfolio lender and they don't even ask for required reserves from me.
Experience: currently at 141 rental units across 58 properties in under 7 years with several BRRRR's.