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Updated about 5 years ago,
How to buy and hold more than 5 properties or units?
Hello everyone I’ll try to keep this as short as possible so it doesn’t turn into a ramble but to give you some background I’m 21 in Pittsburgh my only child is my fur baby 😂 but I’m working and saving money and I want to buy and house hack a tri or quad I was thinking 203k so I’m able to do some rehabbing as well and I want to buy and hold my question is how to get financing once I start getting up into and passed 5+ properties I know it would turn into commercial at that point so would it be a lot more cash at that point?
Short term goal: save up 10-15k get into house hack property by August
Long term goal: 10k a month net
Even longer term goal: 25-50 unit apartment building
I know I have a lot of work to look forward too I have a decent mentor always looking for good advice
Are these goals realistic?
Am I missing anything?
Any additional thoughts, comments, concerns?
Thank you