Overcoming the money hurdle

[Bryan Sinkel]

Hello!

I became an official Real Estate Investor in March 2023 when I decided to keep my primary (at the time) and turn it into a rental. Real Estate Investing was always where I saw myself ending up - it was always a matter of when not if. 

My primary was the perfect opportunity to get a rental under my belt and learn the ropes. I knew it would make a great rental because it was in a highly sought after area. This proved to be the case as I had no issues finding a tenant! Being 2 months in, I couldn't wait to get another deal under my belt -- I'm in the process of closing on my second rental in that same area and hope to have a 3rd under contract real soon. The property currently under contract is cash flow positive right out of the gate, however, it required a significant amount of cash down (25%)...

With only two rental properties under my belt and aspiring to scale this operation from 2 to 10 properties in year 1,10-20 in year 2, 20-40 in year 3, 40-80 in year 4 and so forth, I'm learning about the apparent growing pains as it relates to capital... I do plan to take advantage of harvesting new properties from existing properties as much as possible, but fear that will only get me so far...

Curious what other options are out there? How have you overcome money constraints and scaled your rental portfolios? Would appreciate any advice and/or you sharing your personal experiences (successes & failures)!

Thank you in advance.

Aspiring real estate investor,

Bryan!