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Updated over 6 years ago on . Most recent reply

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253
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Ryan Daigle
  • Investor
  • Apex, NC
215
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253
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Getting the most mileage out of my initial funds

Ryan Daigle
  • Investor
  • Apex, NC
Posted

Hello investors! I'm mapping out my real estate investment journey and would like to establish a repeatable way to grow my business (1-2 properties in the next 12 months, couple more the year after, etc...). It seems that the limiting factor to this type of accelerating growth is going to be my access to funds.

I currently have enough saved for maybe three properties with traditional 20% down, but then my personal liquidity would be exhausted. I would hate to finally feel like I'm getting a good system in place only to be blocked by a lack of funding 😭

So I guess my question comes down to: What path would you recommend I go down, and what steps should I be taking now, to ensure I can scale my rental real estate acquisitions? Given $50k in funds, what would you do to get the most mileage?

Traditional financing at 20% down will get exhausted pretty quickly. I don't have the ability to house-hack by living in an investment property for a short period of time so the 3% down options don't seem to be available to me. BRRRR seems like a good option - but with my low amount of up front capital it doesn't feel like I have enough to even get started there. What would you suggest I look into?

Thank you!

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

Add value. BRRRR...buy, renovate, rent, refinance, repeat...use the same capital over and over again.

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