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Updated over 6 years ago on . Most recent reply
Growing a Rental Portfolio
Hi Everyone! My name is Rik, I'm an agent/beginner investor here in the South Florida region. I've watched a ton of BP vids like growing from 2 units to 100 etc etc. I noticed one topic doesn't get covered. To grow with more and more units, how are people financing it? Isn't refinancing risky and isn't it considered as over leveraging?
I have 2 rental townhouses but I want more. What mindset should I have in terms of financing and to grow to more units? Do I keep leveraging? Is the snowball effect good to be safer?
Looking forward to hearing from everyone!