Buying $3-$5 million a Year in Properties

[Jamel Hamka]

I simply wanted to introduce myself and my company (Mak Rentals). I'm new to BP and have been listening to the podcast. I've been doing real estate investing for around 6 years and currently have a portfolio of around 30 rental properties (15 Airbnb's) in the greater Charlotte area (Statesville, Troutman, Mooresville, Mt. Holly). We are unique in that we only pay cash we raise and do not look for outside money or debt of any kind (Dave Ramsey Financial Coach). But have learned a lot and looking forward to connecting with those investing. Interested in continuing to buy SFH's that are distressed but am also looking at multi-family & apartment complexes. Always needing to connect with more contractors. I have 15 homes right now needing complete renovations and don't have enough good crews. Anyways, just wanted to introduce ourselves and look forward to connecting more.

[Jamel Hamka]

I know. This may be unpopular but we decided that we would rather own 5 rentals in cash than 50 rentals with debt. Sorry if it's not popular but we've been doing this for years and after building our personal home (with cash), we now are able to take all the profit from our rentals and current income and pour it into the business. Since we have all cash the return is unreal and the growth can be astronomical. Every year we will have more and more money to pour into it as we don't take any money home but reinvest it to buy more homes.