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Updated 12 months ago on . Most recent reply

User Stats

9
Posts
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Grant Stuard
  • Investor
  • Houston TX
33
Votes |
9
Posts

How are people scaling so fast?

Grant Stuard
  • Investor
  • Houston TX
Posted

I have listened to some podcasts, and have heard people saying they got their first 7 properties in 11 months. Some even crazier. I have 5 properties, but I have used all my money to purchase these properties at 25% down and now I am renting them out. I would like to have 30 rentals (that is my goal) and I have the deals. I just don't have the capital to move all at once. I know there is private money lending that can fund some of these new construction deals, but I don't want to sell them for profit after. I want to keep them as rentals. Are there lenders that would let me pay them like a traditional mortgage? (over that long period of time)? What do you guys think I can do to get 3 properties a month?

  • Grant Stuard
  • Most Popular Reply

    User Stats

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    Scott E.
    • Developer
    • Scottsdale, AZ
    2,989
    Votes |
    2,607
    Posts
    Scott E.
    • Developer
    • Scottsdale, AZ
    Replied

    Great question... but the simple answer is you can't believe most of what you hear on podcasts.

    There are some really valuable podcast conversations out there. Unfortunately most people aren't telling the whole story though. 

    A lot of these podcast guests fall into one of these buckets:

    -Started with a bunch of money

    -Made most of their money selling education before buying deals

    -Don't actually do nearly as many deals as they claim to

    -They own a tiny piece of a bigger deal (LP)

    I still listen to podcasts a lot but you can't let the guests "successes" demotivate you. Just try to extract what value you can, then focus on scaling your own business based on your own personal circumstances... one deal at a time.

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