Considered to be the most financially free form of investing one can do in their lifetime, growing your net worth exponentially, buy & hold real estate. I've been in the real estate field for almost 7 years now. In that time I've been an ISA, property management, lending and now residential sales & investing. I've read all the cliche books they tell us to read in doing this business from 'Think and Grow & Rich" by Napoleon Hill to "Secrets of the Millionaire Mind" by Harv Eker, all the sales dog books and tapes, etc. Great reads if you haven't dived into those but nothing teaches you more than experience in this industry. I tell people all the time this is a trial and error business. There is no way around it. There's nothing like buying your own primary home to your first buy & hold investment, flip, wholesale, dealing with contractors, agents, lenders, and all the wonderful things involved with home purchasing and managing deals. I'm grateful for so many of the lessons in doing these things and ultimately they've put me in the position I'm at thus far. However, I seem to be hitting this plateau where for the last few months haven't acquired anymore homes and keep getting hit with these steep costs to getting a credit line or these facility loans. My partner and I are so far ahead of most people starting off on the acquisition side and we have all the working pieces to grow exponentially but we simply lack the capital it seems. You watch the videos of working Mom buys 15 homes in 1 year to the guy out of Atlanta went from a 9-5 to 300 doors in 6 months and now full time investor. Even the investor online who flips homes constantly but boasts how he never uses his own cash. How is this possible? These aren't in the books and these aren't people willing to give their contacts straight away. I thought I came close to one when I found a commercial lender who performs these big loans but the problem with that is all the fees associated to get started. You gotta pay 2% origination fee, $6,000 due diligence fee per $1MM, 10% per property you acquire and then you only have so much time to then re-fi out of that to convert it into long term debt. When you do math you’re far better off just going traditional lending and doing the 20% down on each multi or single family home. I know there’s a much easier and streamlined way out there without needing to wholesale to get capital or cashing out all the equity in all my properties. Or maybe I am avoiding the inevitable and I just gotta raise capital and someone needs to tell me that but I just can’t come to grips with that yet. Timing is everything in this business and there are markets right now that we’ll never see again and I need to capitalize on that. I seen it 2011 here in Phoenix because there were people that quietly acquired properties left and right during that down market and are so well off now. I want to be in that same boat 5,6,7, 10 years from now and happy I capitalized in 2018, 2019 market. So, what strategies or connections do you all have where you acquired large sums of money to get multiple properties and commercial deals? Any insight would be greatly appreciated!
