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Updated over 4 years ago,
Smartest way to scale to 100 units
Hi BP,
I'm a new investor with only property located in Smyrna, Ga at the moment but I'm looking to leverage multi family and smaller apartments to grow my portfolio to 100 units. I've been intrigued with the BRRRR strategy for quite some time however as many of you may know, these types of deals are proving themselves to be harder to find in 2020.
I've got about 50k set aside and about 150k of equity in the first property and I'm brainstorming on the best strategy to move forward with to scale. The beauty of the BRRRR is leveraging the same capital to duplicate your investment process. Scaling in a smart and quick manner vs buy and save for the next downpayment is my main concern.
Is anyone having success in today’s markets creating a duplicatable process within their business? Are you holding on to cash waiting for better deals? Relying on property management to invest in areas outside of your hometown? Any insight on this topic would be highly appreciated.