How can I grow quickly and advice is welcomed
My name is Brice Perry. I’m new to the real estate game. I just recently purchased my first investment property and am currently renovating for a long term rental. I plan on refinance and use to buy my next property. I would like to grow faster and I see people buying numerous properties in a years time. So my question is how can I make this happen? Are there any investors looking for some where to invest their money? Any advice you may have would be greatly appreciated. Thanks in advance
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Other People's Money. When you cash out refi, you should do it to increase your liquidity and working capital. The more liquid you are, the more money lenders are willing to loan you. You shouldn't be using your own cash for anything more than a down payment and holding costs. But you can even find secondary loans that will cover those expenses for a 2nd lien position on the property. That's how investors are scaling at a high rate. They're borrowing the money to do it.