Buying Multiple Rentals a Year

[Daniel Erdman]

Hey Guys,

Something that perplexes me after listening to the podcasts and perusing the forums is that someone can purchase multiple, if not tens of properties in a single year. I simply cannot wrap my mind around it. 

From what I can determine, these folks are working a regular job with personal houses, families, etc. and aren't rolling in dough.

So BP, how do these individuals do this?

[Scott Carder]

I would caution you to not believe in all the hype. Yes it can be done, but the opportunity to make mistakes is huge. I would look for a good first deal to get your feet wet, get a quality tenant in place, take a breath and start to look for a second place. I would recommend a minimum of 6 months reserve on each property. Stuff will happen. Good luck!