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Updated almost 5 years ago,
Buying another one after the initial rental.
My wife and I saved enough money to put a down payment on our first rental. We are currently remodeling it as of this writing. My question is this, So we saved money, bought our first rental but have no money to buy another rental until we save up enough money again(12 months roughly). So how do folks scale so quickly? At this rate it will take us years to build a sizable portfolio and I will be 47 this year. I have read much about finding others with capital but when you do that but have no money to invest with the other person investing, what would you really be adding to the investment?