All Forum Posts by: David Stelzer

Thanks for all the responses!  I need to figure out where to focus for sure.

Thanks. . where do you learn about the lists and autodialers?

Good advice Joe.  Thank you.  I really need to educate and plan in 3 strategies for wholesale, flips and cashflow ownership.

Thank you Stephen. That is what I am doing. I bought the SFR with 30% cash from savings and then 70% on a credit line leveraged against my brokerage account. When I have a tenant, I will finance the home under a mortgage and pay back my credit line to fund the next buy. It's much slower than I want to go, but it is sustainable. I'd also like to learn wholesaling as a means to grow cash to buy more since all current rental cashflow will go to paying down the mortgage. What are your thoughts?

Thanks David. Ultimately, I want to have a real estate business that is well rounded, and provides cash flow and appreciation to eventually replace my W2 income. A business that my wife and son can learn. Buying the SFR was an easy experience (after doing a lot of reading). I'd really like to get into owning a lot of multi-family units as the long term goal. I'd like to have some wholesaling under my belt and some flipping as well. Eventually, I could also see doing some hard money lending.

I'm a new RE investor and I've been absorbing as much content as I can from Bigger Pockets. I love the work you do, and I love the podcasts as well. As a result, I bought my first rental property last month (SFR in Huntsville, AL). I quickly see that I want to scale up my property ownership, but this is where I get lost.

I'm 50, I make a great salary (7 figures), I have a large stock portfolio, but I don't keep a ton of cash. I have no debt other than my mortgage (with a ton of equity). How do I build a portfolio fast??? I hear about all these folks that went from 0 to 20 properties in 2 years, and I can't wrap my head around it. Where do I go from here. There is so much information that I get info overload. I need to be pointed in the right direction. Any help would be appreciated!!! Thanks in advance