Leveraging PadSplit as an investment strategy now could yield profits on a similar scale to the windfalls earned by early adopters of AirBnb.I've been working with and investing on the PadSplit platform since 2017.

For those looking to scale their portfolios, now might also be an excellent time to secure funding.

This is a very modest goal all on my own without any investors. with help i could scale much quicker.

Generally speaking, you will have better economy of scale with a 4 plex than a 2 plex.

Consulting a CPA is a must to navigate these nuances.Double-check these details with your lender and CPA to avoid surprises and keep scaling smoothly.

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

Many investors aim to jump straight into turnkey properties or multifamily deals to scale quickly, but the truth is that most people don’t have enough liquid capital to maintain consistent growth this way.

My ultimate goal is to keep scaling buy 2-3 LTR and hopefully a 4+ plex hopefully within the next 12 months.

Expanding my network is a priority, not only to find new opportunities but also to eventually be in a position to provide those opportunities to others.I know that scaling a business requires collaboration with others who can bring expertise in areas like financing strategies, legal structuring, and scaling operations.

In other words, you’ll be able to scale your rental portfolio much more rapidly using income snowball which would not be possible if you were “saving” for each downpayment.