Updated almost 12 years ago on . Most recent reply
Getting the snowball rolling!
Hello everyone - I am a new member at BP, but have been listening to the podcast for quite a while. I have 3 rental properties that I have acquired voluntarily and involuntarily (stuck with an '08 overpriced condo that is now a rental) over the past 3 years. I have had a chance to really see the benefits to rental properties and want desperately to grow my portfolio.
What I am struggling with when trying to move forward is additional capital. I invested $23k in the first buy and hold, $11k in the second (50% owner) and we have our initial down payment of $20k for our condo.
I am just wondering if folks would be willing to share how much they started with and how long it took you to really get going to where you could purchase more properties quickly. It is hard to save so much money over and over again!
Any and all of your starting out stories are appreciated and valued!
Thanks!