scaling my business through vacancy
Hi, I am a beginner investor starting this year in June. Since then I have acquired 3 properties total, using a HELOC, and the BRRRR strategy. I currently have 2 completed with 1 more in the renovation stage scheduled to be complete next week. I had one rental (a 2/1 rented for 950) , but looks like we will most likely have to evict. My other property is vacant (a 3/1 looking for 1550) and hasn't had a whole lot of traction. My current project is a 4/2 bought off market with a good spread. I have been able to BRRRR all properties and pull money out after refinance. My question is even though I have vacancies should I continue to buy properties that I have found that can be brrrr'd or should I slow down until I have less vacancy. I don't want to put the cart before the horse and spread myself to thin, but I also have other properties lined up.
Most Popular Reply
Sam, considering that you have purchased 3 properties in a few months, it seems like you’re collecting properties instead of money. Cheap properties are less desirable and come with higher Maintenance, evictions and vacancy. You may want to consider buying fewer but better properties for better tenant pool, appreciation etc. best of luck to you.