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Updated about 6 years ago,
Question about make profit out of renting houses.
Hello everyone,
First of all, I'm so glad that I found this website which have ton of people who would help you to succeed in real estate.
I'm totally new in invest on real estate and have thousands of questions.
My first question is can real estate invest get you money if you keep buying houses with putting down payment with line of credit?
I've watched few real estate investing videos on Youtube and all of them are saying you can buy a house for lower price than the market and put down payment on new house with the difference (equity?!)
So you have 1 house first year, it becomes 2 after the first year then you can get 4, 4 becomes 6 or whatever.
If you constantly expanding your portfolio and nothing have actually paid off then how can you make money out of it?
I am sorry for my poor English but I hope you guys understand what is the point of my question.