I don’t understand how they do it

[Jason Barnes]

Okay so there is this guy, he wasn’t very wealthy at all. And now he owns multiple high rise apartment buildings. And is loaded. My question is after he got the first one. And paid all that money. How did he afford to keep buying more and more of them? I’m sure he still owed on the first one before buying the second how does this work. Will they give you multiple loans? While still being in debt owing money on the first building? I don’t understand. How did he grow while having all that debt ?

[John Casmon]

As @David Thompson mentioned, it is likely that the investor did a syndication or at least a partnership to qualify for that first building. In it's most simplest terms, it's a group of people pooling their resources to buy a building. 

I recall a few years back I was perplexed after meeting someone younger than me who bought a large apartment complex and I knew they didn't have a lot of money. If you're interested in learning more, there are some great resources including the podcasts from @Todd Dexheimer and David's articles. I've written an article on our first large deal to dispel some of the mystery. Also  @Joe Fairless just released a book on apartment syndication which is worth a read.

With all of that said, the best advice I could give you is to reach out to that investor, buy them coffee and ask them exactly what they did.