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Updated over 4 years ago,
How Are You Purchasing Multiple Properties Per Year?
We're in the process of growing our portfolio over the next few years. We just closed on a 3/1 SFR and in escrow on a fourplex. We already refinanced (BRRRR) a 3/1 SFR earlier this year. We use a small community bank for each of these and the lender will refinance the second 3/1 later this year. When asking about future properties, he said that they would prefer to let our portfolio accrue some income before refinancing additional houses. My question is...how are the bigger portfolios purchasing 10,20,30 houses per year and carrying mortgages? Obviously this is lender dependent but all of our properties cash flow well and we otherwise qualify for the loans. This has become a huge pain point for us as we grow and I'd love to discover a solution to it.