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Updated almost 7 years ago on . Most recent reply

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Alethea Sealy
  • Detroit, MI
3
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It is taking so long to grow big..... what to do??

Alethea Sealy
  • Detroit, MI
Posted

Hi. So I am the managing partner of day to day operations for the investments with my partner (my fiance). I have no REI training so I do not know how to address my partner's frustration. We have bought for cash, houses to renovate and rent for a year and a half. We average 1 renter every one to two months. He is frustrated because at this rate we will never get more than 12 renters per year.

Has anyone gone through this? How does one make the leap from a few houses to 40+ unit apartment buildings. We need 40 or more renters per year. 

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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
2,020
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Replied

Are you putting debt on them after you rent them or keeping them paid off?

If the latter is the answer then that is your number one hold back for scaling.

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