Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

18
Posts
6
Votes
Erich Bradburn
  • Garden City, MI
6
Votes |
18
Posts

Best ways to grown my rental portfolio?

Erich Bradburn
  • Garden City, MI
Posted

What did you do after getting two SF rentals? Did you look for more right away? give it some time. Im asking this cause I jus got my first two SF rentals. Should I wait to look for more deals and build up more capital? Should I start looking for more deals right away? I have a plan that in the next ten years I really would like to be able to buy a few apartments. (one at least lol) I won't to know what ppl did to get at that level. Start buying multi family right away or did you take is slow to work up to that? I still have the 9-5 that I'm not really found of. Im also a ware that im not getting out of it over nigh, but would like to know what some peoples stores are. Hear what worked best out of the people that take the time to respond. 

Most Popular Reply

User Stats

3,808
Posts
2,628
Votes
Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
2,628
Votes |
3,808
Posts
Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
Replied

Take your time, and finish the rehab.  Then set funds aside for emergencies.  Then set aside funds for down payments.  Take the time to strengthen your financial position.  Move into your next owner occupied deal, stay for 2 years while you renovate and then rent it out.  Look for an owner carry deal.  

Once you have three houses, the rents they generate will often pay for the 4th.  It is the down payments and reserve requirements that are difficult to get at first. I had to be focused.

Loading replies...