How to obtain many properties

[Jatin Shah]

So I recently heard of someone through my Realtor that has obtained approximately 100 rental properties.  After visiting this site and speaking to others I can believe this.  My question is, how is it possible to get this much. Obviously there is some private money involved.  

So if you know if anyone like this, or you are someone like this, how did you do it? Where did you obtain all that financing? 

Thanks,

[Andrew Syrios]

Our firm owns just over 100 properties in the KC area. We are in working and lower middle class areas, primarily, which keeps the cost down as we aim to be all in between $30,000 and $80,000 (for houses) and $20,000-$30,000/unit (for apartments). This was much easier to build because my father, who started the company, had spend 20 years building a real estate company in Oregon. So we had a good financial backing to start with. Then, what we did, was make lots of offers primarily on REO's and only get what we thought we the best. We got ma and pa types to lend us the money for the properties and the rehab at 9% interest, and since we bought right, we could refinance out (at least most of) the loan with a bank once the property had seasoned (a year or two).

Now I should note, this process involved not only having my father's assets (and network) to help back the company, but also required building a management company infrastructure and was aided by the after effects of the financial crisis and the loads of underpriced REO's on the market. It took just over three years, but if you include the time my dad spent investing, it took about 30.