Need direction on what to do now?

[Brandon Turner]

Here is my situation, I started investing last August when I got 1 house, this month I am buying three houses.  All of these so far have been houses with tenants already in place and I am using a property manager. Things have been rolling along well now I am going to have to sit a while and build cash back up. Wondering what to do after that? Would I just continue to buy one house at a time or would it be better to try to scale up (larger package of sfh or small multis) I work a steady job and my strategy right now is buy and hold.

[Anthony Gayden]

@Brandon Turner

I had to sit for over a year while I figured out how to get beyond my first two properties. Money is not a huge limiting factor when it comes to real estate. It takes creativity to succeed.

I have used several of the most common beginner strategies in order to acquire real estate and grow my portfolio. I have taken a 401K loan three times. I used an owner occupant FHA loan to purchase a 4 plex where I lived in one unit and rented the rest. I bought a single family home with 5% down that I fixed up while living there, then got a HELOC and turned it into a rental. I bought another single family home and did the BRRRR strategy with a cash out refinance that gave me all of my money back. I am using that money to buy my next property which will be another owner occupied home that I am purchasing with 5% down.

There are quite a few innovative strategies that I personally would have never believed would work prior to joining this site and hearing about other people doing them.