How do you scale your business so quick?
How do the pros acquire so many properties in such a short amount of time? I listen to the BP podcasts and the guests are always talking about growing 5-10+ units a year. I bought my first house in 2013, and am looking for an investment property in the ATL area. I am worried though that after I finance this second property I will have such a high debt/income ratio that I’ll be stuck paying cash for any additional units, and that I may no longer have cash on hand due to any rehabs. How do you guys grow so quickly?
Thank you, all advice is appreciated!
-Stephen C.
Most Popular Reply
I've purchased 3 new rentals in the last month as well as several retail flips and a few wholesale properties. For me, it was a matter of discovering what is the one thing that makes me the most money in my business. I focus on that and outsource or put off everything else. Just do that one thing that brings the paydays and forget the rest. Being busy and working hard doesn't mean you're making any progress toward your goals.