How does someone acquire several rentals with an average income.

As one of the owners, alongside Peter Vekselman, our goal is to support and guide you through your real estate investing journey.About Partner Driven100% Financing: We cover the costs of acquiring and rehabbing properties, removing a significant barrier for many investors.Coaching and Support: We offer ongoing coaching, deal review, and team support to help you succeed.Profit Sharing: We operate on a 50/50 profit split, ensuring that both parties benefit from successful deals.Comprehensive Tools: Access to software for finding and tracking off-market and pre-auction properties.Real-World ExamplesTo get a better sense of our work and see some of the successful deals we’ve done with our partners, please visit my BiggerPockets profile.

We were interested in the E 35th Place deal in Gary, IN, due to several key factors: Low Purchase Price: The home was acquired for just $40,400, minimizing initial investment risk.

Strategic Investment: The opportunity to acquire the property through a short sale presented a unique investment angle.

When I mentioned an apartment, I meant properties with 5-8 units.I was very close to acquiring a property, but the seller accepted a higher offer.

If you start to acquire many rental properties, you can actually create a business account with Reliant, which will automatically turn electricity on and off, as tenants move-in and out. 

Spend the money on flight and hotel when you acquire the property to thoroughly inspect the property and put together a detailed improvement plan.

@Britney RossI’ve been in the RE business for over four decades now.Most of that time spent in the single family brokerage and investing world.Several years ago, I made the decision to transition from SFR to multifamily.Despite decades in the industry I felt the need to educate myself about MF.I paid for an intense 2 week education program and then a 3 month mentorship.Trust me, it was worth it.During the mentorship, I acquired a 43 unit property with the help of my mentor.Fast forward 4 years later, I am in a General Partner in 1000 units worth $130M.So for me, it was money well spent.You didn’t mention where type of investing you wanted to do.If it’s MF, you are going to need partners and help.

Instead, put it in a wholelife policy, take a loan out against it, use that for the down payment, and have the policy gain interest while simultaneously acquiring a tangible asset and using rent to pay back the loan.

Will,That's a question that involves a lot of detail and conversation to map out the LLC, Financing, Grants, and percentage of partnership should you decide to acquire more than 5-10 properties.Feel free to reach out if you want to discuss the scenario and I can try and detail some tips from my experience.