Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

40
Posts
2
Votes
Christopher Sica
  • Austin, TX
2
Votes |
40
Posts

"Investing in Duplexes, Triplexes, and Quads" The Book

Christopher Sica
  • Austin, TX
Posted

Hey all!

I just about finished this book and found it to be pretty incredible to read and learn from. For any newbies out there like me, this book was really helpful and explaining how people build and create wealth from REI.

As a 28 y/o, I have spent the last few years saving so I could get into real estate. I have come to find that having a bunch of money isn't really necessary for get into the game. What I am finding is that the money I have saved can perform risk mitigation in the event that more vacancy comes up than I calculated or if something needs a big rehab job out of nowhere.

My question is to figure out how to leverage this money most efficiently without putting too much leverage in my portfolio. I don't want to find myself foreclosed on in a few years because of overextension and greed. Does anyone have a way of calculating how much debt I can take on using income, money saved, current expenses, etc?

Thanks,


Chris

Most Popular Reply

User Stats

795
Posts
768
Votes
Brandon Hicks
  • Investor
  • Avilla, IN
768
Votes |
795
Posts
Brandon Hicks
  • Investor
  • Avilla, IN
Replied

Skip the hard money and go for seller financing. It's way easier in my opinion to convince a landlord to hold paper on a multi-unit than it is a homeowner with a single family house. Landlords are used to getting an income stream and trusting others with their property. I've bought 7 duplexes, a triplex, 5-plex and a couple of SF's on land contracts over the past few years. 3 of those deals were NO cash down. The others were no more than a few thousand per property.

The deals are out there!

Loading replies...