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Updated about 6 years ago on . Most recent reply
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Scaling up and making the next step
Hey everyone,
I officially started my real estate journey in 2016 when I used my VA loan to buy my first single family home. Since then I've bought 3 more SFH's with my biggest obstacle being my full time job in the military. I've now run into a crossroads where I can continue buying SFH's and stay on that same course or I can start to scale up and I am more interested in the latter.
If anyone can share some personal stories or advice on how they started to scale up and some strategies that you used, that would be awesome for me. I am really looking to work hard and hustle, but taking this next step into multifamilies and apartments has me a little lost at moment and I hate feeling stuck or stagnant.
Cant wait to hear the responses!
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@Timothy Casallas. First off thank you for your service.
Maybe my story can help you some as it sounds familiar. I started in 2016, but didn’t buy my first property til 2017. I bought 4 single family rentals in two markets, Cleveland and memphis.
Then I found a business partner, sold 2 of them and am scaling closer to home. Our goal is 10 units this year and 20 by end of next year. As someone who’s not even 25 yet, that would be a good head start I think to reaching say 100 by 30.
Hope this helps.