Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Deal Analysis & Advice
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 9 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Steve Slomski
  • Investor
  • Grand Rapids, MI
0
Votes |
2
Posts

Growing pains

Steve Slomski
  • Investor
  • Grand Rapids, MI
Posted

I currently own 4 single family homes all with Mortgages of varying durations.  My total equity is 50% in these houses.  Even with this large equity I find it difficult to overcome expenses. 

My experience over 5 years leads me to believe that expenses will be 50% of income and the rest goes to paying on the mortgage.   How does one buy more properties without living on the edge ?

Must I pay off all my real estate before I buy another house to overcome expenses ?

I want to buy 16 more houses and don't want to be on deaths door before I acquire them ?

Anyone else going through growing pains ?

Loading replies...