Looking to Grow My Rental Portfolio

Realtor · Saint Petersburgh · Member since 2022 · 65 posts · 38 votes

Hi everyone,

I have a few investment properties and am looking to expand my portfolio in the Charlotte area currently. I have money and good credit. But I am looking to scale my portfolio more quickly which leaves me with a few options. The main question I have right now is

What are investors doing currently to finding the highest COC return with their buy and holds with the higher rates?

Looking to reuse my cash to grow the portfolio more quickly any tips?

Thanks

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Nathan M kiefer
Rental Property Investor · south carolina and michigan · Member since 2023 · 348 posts · 226 votes
2y
Hey hunter, we bought 3 with cash, used that cash flow to buy 3-4 years over time. At some point 8-10 years did a portfolio loan with good tax returns and ended up using a lot of cash and that loan to buy 2 strs in Myrtle- ocean lakes.
we currently have 20 units and Two are str's.
theres really no short cut, we built a ton of equity by buying at the right time and fixing up ourselves (I'm a contractor).
wr bought the two strs in 2020 and 2022. One at 375k and one at 295k both are worth around 650k each. Boots on the ground is how we got those and were from Michigan.
thats a tid bit of our journey, best of luck!
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Ko KashiwagiPro Member
Lender · Los Angeles, CA · Member since 2022 · 967 posts · 445 votes
2y
Hi Hunter,
Have you considered using strategies that rolls over the cash quicker like STR, flips or BRRRRs? Most investors scale by leveraging time or more active strategies.
310-848-9776
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Alecia LovelessPro Member
Member since 2019 · 3k+ posts · 2k+ votes
2y
@Hunter Gibson I’m buying value add properties that need some rehab work and then getting them fixed up as soon as possible, either right away or as units turn over and then refinancing.
It’s not a get rich quick thing but it builds up solid equity and allows me to take out a certain amount of cash to fund the next deal or whatever comes next.
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Travis Biziorek
Investor · Arroyo Grande, CA · Member since 2014 · 1k+ posts · 1k+ votes
2y
If you want to scale quickly you're going to have to get out of the mindset of slapping 20-25% down and waiting.
BRRRR's will be your best friend if you can pull them off. That's how I built my portfolio. I went from 0 to 12-doors in just 2.5 years because I was able to force equity and refinance out.
It's definitely more capital intensive and will feel slower at the beginning. But it quickly start building on itself and you'll have very little cash invested if you do it right.
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Michael SmytheBusiness Member
Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
2y
You can look into MFR or buy another investor's portfolio.
Logical Property Management4.9446 Reviews
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Tony Pellettieri
Investor · NC/SC · Member since 2023 · 149 posts · 77 votes
2y
Quote from @Hunter Gibson:

Hi everyone,

I have a few investment properties and am looking to expand my portfolio in the Charlotte area currently. I have money and good credit. But I am looking to scale my portfolio more quickly which leaves me with a few options. The main question I have right now is

What are investors doing currently to finding the highest COC return with their buy and holds with the higher rates?

Looking to reuse my cash to grow the portfolio more quickly any tips?

Thanks

Hey Hunter,
We decided to scale a month after starting our business. We BRRRR our properties to add as much value as possible, pull out all of our cash and then some utilizing DSCR loans after 3 months seasoning, and reinvest immediately thereafter in other properties.
At first we were using all of our own cash until we found a Rockstar Broker for Private Lending who didn't bend us over the barrel. This positioned us from doing 1-2 acquisitions a months to having the ability to put as many deals under contract as we could find. Happy to share that contact with you.
Having money and good credit is something I had when we started and it was very helpful in obtaining the initial capital we used to fuel our growth getting started.
We are shooting for 100+ properties by the end of the year. Momentum is the name of the game!
As I'm sure you've gathered, it takes a team...
To address finding the highest COC returns... Why not shoot for an infinite return? High is overrated.
If you have any additional questions, reach out to me directly.
Good Luck!
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