I have recently started going to events and realized that I do enjoy talking to people and building relationships but I don't know if im interested in being a capital raiser.My overall goal is to own a big portfolio whether if its through acquiring or developing.

Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return.

For illustration purposes, it's quite normal to acquire a mix use building consisting of 9 residential units + 1 commercial space for less than a 9 unit multi-family building would trade in the equivalent location because the commercial space is an automatic disqualifier for many investors.

While I've been able to get out of my W2 after acquiring 30 properties, I've learned that you still need to generate some sort of active income unless most of your doors are completely debt free.

I listened to some of these gurus (including a few people on BP) about acquiring doors to have "financial freedom" and bought 2 Class C properties in Indianapolis, not hating the city just my choice of property purchases - that cash flow on paper has turned out to be -$300 to -$500 a month.

Is this for a wholesale deal or are you looking to acquire for yourself? 

Personally, I’d use it as a down payment to expand my rental portfolio, tapping into financing to acquire multiple properties for better diversification and cash flow.

HI Abigail,Acquiring a loan, lenders always look into 3 metrics Income/Assets/Credit.

While we currently reside in California, our focus is on acquiring properties outside the state, particularly in Arizona, Nevada, Texas, and Pennsylvania.

In September, I found a property I was interested in acquiring online.