I have a cohple quearions: How did you acquire enough money so fast to buy all these properties free and clear since you didn’t leverage?

As I start to embark on my real estate journey, I will start acquiring more houses...which means more papers.

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

I did a lot of wholesaling, flips and have a property management company that provided the ability to acquire rentals. 

How can I acquire confidence in the value of the property?

There are lots of property management companies here in the area that they are very fond of as well but if your planning on only acquiring 1-2 properties managing it yourself in my opinion would be best especially if you have the time being retired

Dear folksWe have 3 Properties that we acquired using our HELOC As the down payment few years ago.One of the mortgages is coming up for renewal and considering the property value went up about 70% in 3years I am planning to refinance it and pull some money out.

Dear folksWe have 3 Properties that we acquired using our HELOC As the down payment few years ago.One of the mortgages is coming up for renewal and considering the property value went up about 70% in 3years I am planning to refinance it and pull some money out.

My question is what to do with the equity to acquire more properties.

Finding new properties and debt to acquire them will be a fun and crazy ride.