Scaling (getting more units) in a moderately expensive market?
I think i'm missing something in the REI mindset/ path...
If your first duplex is 500k how do you then get another property? Do you just keep counting your pennies until you have another 20% saved (10-15 years later...)
Generically speaking, duplexes are about 500k, cap rates are 8% (according to the "always honest" listing agents)
Do you sell your soul to get a ''no money down'' loan on another property?
Can I leverage my leveraged property? (isn't that how the stock market crashed in '07?)
Can anyone elaborate?
Is this where people start getting creative with financing?