Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

101
Posts
27
Votes
Freddie Williams
  • Rental Property Investor
  • Norfolk, VA
27
Votes |
101
Posts

BRRRR Strategy... Question

Freddie Williams
  • Rental Property Investor
  • Norfolk, VA
Posted

I have bought and flipped for quite sometime but now I want to change my strategy to purchasing and holding properties. Guess my first question is how is this possible. Most lenders now want 20 % percent down per purchase. Now as you would WE all are not made of money so my how is this possible.

How is it that investors can increase their portfolios with rentals while having to drop 20% for every purchase ????

Thanks in advanced for your responses.

Most Popular Reply

User Stats

213
Posts
159
Votes
Amit Kal
  • Investor
  • Sunnyside, Queens, NY
159
Votes |
213
Posts
Amit Kal
  • Investor
  • Sunnyside, Queens, NY
Replied

How? Work, live below your means, save the 20% and then buy. Slow and steady. I also partnered up with a buddy and we both put in half so we can do more transactions per year. No overnight (for us) riches here, but after only two years, we are cash flowing $6k a month EBITDA. If we don't touch our cash-flows and instead use it for the next down payments, we can accumulate the same number of properties we have now in only one year. Snowball effect.

Loading replies...