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12
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4
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Samarn Derrick Vichitnand
  • Investor
  • Richmond, TX
4
Votes |
12
Posts

Looking for realistic leverage for startup residential investing

Samarn Derrick Vichitnand
  • Investor
  • Richmond, TX
Posted

Hello,

I am looking for an actual real investment strategy to expeditiously and dramatically increase my passive rental property volume. I can't work any more hours to quickly pay 20% down on homes repeatedly and if I go that route I'm never going to get to the volume that I would like. So what is the answer? The do it yourself books mention many non-conventional ways like seller finance, tax deed, auction, etc. but it seems like instances where that works out are more the exception to the rule and are extremely rare, pretty much on the fringe of extremely rare possibility. I think because it's technically possible, it sells books, but doesn't seem like a practical investment strategy. Moving every year to obtain owner-occupant FHA or USDA and getting stuck with PMI for the life of the loan doesn't seem too practical either. My wife would kill me if I moved us every year. So is there a real answer to this, or are my hopes just pipe dreams? I don't know, hopefully I will find the answers to my questions on this site in the forums.

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