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27 June 2024 | 5 replies
As other's noted, the primary ways to gain more money are:Bring in partners for the equityTake on more debt, either through HELOCs, refi's, hard money or private lendersMake more money yourself.The most common way people scale is through the first two.
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27 June 2024 | 18 replies
I am based in the Seatle area, but I mainly invest in midwest markets and have scaled to 9 doors.
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27 June 2024 | 62 replies
Now if you are talking building a whole developement of 180 or so homes , you have some leverage and economy of scale .
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27 June 2024 | 26 replies
I would consider breaking even but will be hard to scale if you buy too many properties losing money
28 June 2024 | 10 replies
Not only is this prudent business management but if you're looking to scale down the line, having a creditworthy entity that can take business loans in its own name is a game-changer regarding risk allocation.
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28 June 2024 | 12 replies
Happy to talk about the strategy more - we're up to over 20 rentals owned in WA now and wouldn't have been able to scale to that level quickly without househacking.
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27 June 2024 | 4 replies
I was primarily interested in pooling resources with other rental property owners to take advantage of economies of scale and divide the cost proportionately among property owners.
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26 June 2024 | 8 replies
This decision alone can determine if you scale to 30 units in 3 years vs. 6 units in 3 years.
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26 June 2024 | 5 replies
I've scaled to 9 doors now across Memphis and Detroit.