I have one rental in CT and plan to build my portfolio in the greater Lansing area using a buy and hold/BRRRR strategy to accumulate 20+ rentals within the next 5 years. 

We have been accumulating properties in our LLC's name for a few years now, but we have had to accept 15 year commercial financing, which includes a 5 year balloon.  

I have over the past two years accumulated a fair amount of dollars that I have kept here in the States.

Location, type of construction, school zone, and the possibility of good equity accumulation.

Today I want to talk about a great lesson that I learned as I had more experience under my belt.It is the power of not having a wholesale every property that comes through my funnel.When I got started in this business, I only had one exit strategy...Assigning.I love this assignment strategy and I still do this a ton today.However, after accumulating some experience and capital, I can now say that having more than one tool in the toolbox is extremely beneficial especially in competitive situations.Here are three tips on why it makes sense to not wholesale every property.Tip #1 YOU CAN MAKE MORE MONEYMost of the time, you are going to make more money if you close on the property.

An Emergency fund is highly recommended in the beginning, and will be absolutely required by lenders as you accumulate rentals (but it will be called “reserves.”)Take your time.  

However moving every year for 10 years is the way to go if accumulating 20% down payment is tough!

If you are able to do that, then you will begin accumulating money to invest.

The high net worth portfolios that I have reviewed all have low leverage, some investors never sell property and continue to accumulate when the time is right.

Our current goal for investing is to accumulate capital for larger scale projects whether it be MFH investing or land development & leasing.