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Updated over 7 years ago, 08/08/2017
Quickly scaling my investment business
Hey BP!
I am a new investor looking for some tips on how to grow my real estate investing as quickly as possible. I am in the process of closing on a duplex (which is delayed due to the seller having a lien on the property). That said, I would like my next investment to be an apartment complex.
My current plan to get there is to 1031 the duplex for a smaller apartment complex after a year. I know I could just follow this strategy over the course of 5-10 years and finally own a larger apartment building.
My question is: Is there alternative methods that I am not considering/am not aware of aside from this? I know I could also use a private money lender, but I would still have to come up with 30% down somehow.
How are other investors buying multiple properties a year?
Thanks in advance!