All Forum Posts by: Rik Patel

Great Job Steven! How did you find a deal like this?

Hi everyone!

So I can't seem to still wrap my head around this. I'm seeing a lot of videos where investors are growing from 1 rental to 100 rentals overtime, but still can't figure out how these investors are mitigating the risk while growing so rapidly? Does each rental really provide that much cash flow to jump from 2 townhomes to a fourplex in one year? How they are growing so quickly?

I'd appreciate any investor's advice on how to do this! Thank you all.

Congrats Ken! Just curious, how did you calculate the holding cost?

Dan, I guess my follow-up would be at what amount of units do you think is the appropriate time to work with a portfolio lender?

Dennis, I've read a lot about the BRRR strategy but it involves refinancing which is holding me back because doesn't that lead to over-leveraging?

Thank you both for your feedback!

Hi Everyone! My name is Rik, I'm an agent/beginner investor here in the South Florida region. I've watched a ton of BP vids like growing from 2 units to 100 etc etc. I noticed one topic doesn't get covered. To grow with more and more units, how are people financing it? Isn't refinancing risky and isn't it considered as over leveraging?

I have 2 rental townhouses but I want more. What mindset should I have in terms of financing and to grow to more units? Do I keep leveraging? Is the snowball effect good to be safer?

Looking forward to hearing from everyone!