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Updated over 2 years ago on . Most recent reply

User Stats

39
Posts
13
Votes
Trey Prince
  • Rental Property Investor
  • Westfield, MA
13
Votes |
39
Posts

Scaling through refinancing

Trey Prince
  • Rental Property Investor
  • Westfield, MA
Posted

Looking to scale my multi family portfolio. Starting flipping houses and using that property to acquire rentals. However, scaling by refinancing seems more appealing because I can have full control of the project: as opposed to moving on an overwhelmed general contractor’s time. Any thoughts from investors on how I could improve my approach. Currently in the western mass area by the way.

Most Popular Reply

User Stats

39
Posts
13
Votes
Trey Prince
  • Rental Property Investor
  • Westfield, MA
13
Votes |
39
Posts
Trey Prince
  • Rental Property Investor
  • Westfield, MA
Replied
Originally posted by @Andrew Freed:

@Trey Prince - Hey Trey, glad to see you building your portfolio. I currently have 8 units, most of which are in Western Mass. Additionally, I purchased my last 3 deals via a HELOC so I am very familiar with leveraging property to buy more property. If you want to jump on a quick call, I am happy to offer guidance in any way I can.

In addition, myself and @Sabrina Sanchez host a monthly meetup in the Worcester area referred to as "Pints and Properties". We have free food and host a ton of super experienced guests speakers. It's a great place to network with other investors. Our next meetup is on 10/27 @ the Hangover pub. Feel free to reach out for more details.

@Andrew Freed - That sounds great. I'm going to try my best to make my way out there. Eventually I will definitely take advantage of a HELOC- great way to leverage. Would love to chat it up on a quick call. I will connect with you via inbox. I appreciate the insight and wish you the best of luck in building your portfolio.

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