Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on .

User Stats

2
Posts
0
Votes
Chad Coup-Fabiano
  • La Baie, Québec
0
Votes |
2
Posts

What blocks me from getting bigger

Chad Coup-Fabiano
  • La Baie, Québec
Posted

Hi guys! I'm new at real estate investment. Started a year ago and now I own a 7 doors.

I would like to accelerate the pace but something blocks me. It's not the cash-down (that is a problem that I can deal with). What blocks me is the fact that for the moment, I work at a job that doesn't pay much. About 17$CAD per hour.

Even if I makes my homework and do everything I can to buy good and secure deals, I find it unsafe to grow fast. The first year and second years seem to be really costly. There are the welcome taxes (called Taxes de mutation where I come from), the little-medium-big repairs to do, cleaning up the tenants if needed and more.

I know I can help myself with some cash that I have in my bank account, but I would prefer to not touch it. So there is credit cards or small loans left. I know it will all repay later because my financial analysis are really good. The problem here is that with my small salary, I can't get much from loans and credits.

Is there someone here who already was in my situation and figured out how to grow fast with a small income? Or maybe you guys have tips?

Thanks.