How to grow a portfolio?

[Wayne Helms]

Hi All,

We just settled on a 10 unit building on Friday. No debt, cash flowing immediately. We keep reading, listening and attempting to uncover how to make the brrr method work but it just doesn't seem reasonable. We have some improvements to make in the coming weeks. We plan to rehab a few apartments and upgrade them and want to pull the money out for an additional apartment building. It just seems that after taking the equity and then acquiring a mortgage payment, there wont be much left as far as profit. we will be managing, rehabbing, and assuming this job without profits. And after acquiring the 2nd building, how in the world can you pull equity to keep growing due to debt to income ratio requirements. What are we missing? How does anyone actually make this work? We appreciate any assistance. Also, we aren't new to this, but haven't done too much buy and hold or real estate deals this size. Thank you