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Updated about 12 years ago on . Most recent reply

User Stats

658
Posts
315
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Brant Richardson
  • Investor
  • Santa Barbara, CA
315
Votes |
658
Posts

Should I maximize my first 4 properties?

Brant Richardson
  • Investor
  • Santa Barbara, CA
Posted

I've been reading, reading, reading, but have yet to buy. A podcast I just listened to said that getting the first four loans is easy, just go to the bank with your 20% down. After that you have to get creative. My plan was to get my feet wet with a cheap rental, maybe 50k. My question is, should I instead be trying to make those first four easy loans really count. Should I start off with a 4 plex and then make the next 3 multi's as well...then move on to the SFH's. Either way, I will be having a management company running them and they will be out of town. Buy and hold for cash flow is the plan. With the current interest rates it seems locking in 30 year fixed loans on larger loans now would be beneficial as well.

Thanks for the help. I love BP, I've been spending 1.5-2 hours a night here since I finding it.

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