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Updated over 7 years ago on . Most recent reply

Newbie investor need advice
Just purchased a four unit with the goal to purchase more properties more so commercial. So I would like to know what's the best strategy as a newbie to increase my portfolio. My strategy as of now would be to do a cash out refinance of my current four plex then buy another four plex as owner occupied then in a year repeat. But I want to decrease time spent doing this if I can jump into commercial 5+ units. Any suggestions?
Most Popular Reply

Hey Mark,
Not that I've made the jump to commercial yet but from everything I have seen is that for commercial, you need a track record. Find a partner that does and a reason why you would bring value to the partnership and use that as your shortcut.
Easy to say, hard to do.