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 Landlording & Rental Properties
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 9 years ago on . Most recent reply

User Stats

128
Posts
27
Votes
Al Bunch
  • Realtor
  • Houston, TX
27
Votes |
128
Posts

How did YOU buy your first 10 rentals?

Al Bunch
  • Realtor
  • Houston, TX
Posted

First, how many rentals do you currently own?

Second, how did you acquire each of your first 10 rentals?

Third, how long did it take you to get your first 10?

You don't have to give a blow-by-blow account, but maybe a broad overview like first 4 were conforming mortgages, second 2 were sub2 deals, next 3 were bought using a line of credit against the first 4..etc.

Most Popular Reply

User Stats

5,700
Posts
3,498
Votes
Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,498
Votes |
5,700
Posts
Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

More than 10.

Very carelessly.

Not very long.

It was in early 70's and FHA loans were simple assumption and values were going up 20% per year. Assume a loan with less than 5% down and 20% per year caused a mushroom effect on net worth. Different and slightly more difficult now. Is still accomplished these days, just different strategy.

Rich

Loading replies...