How to get to the next level at 23

[Dustin Pavlik]

So at 23 years old I’ve gotten off to a decent start at this fun and exciting real estate thing. Got my first rental at 21. Then at 22 I got 9 more rentals for a total of 10. I live in a house hacked duplex currently living expense free. Did a seller finance deal to obtain 3 duplexes for just $5,000 down. Which leaves me where I am today at 23 years old.

I really want to take my business to the next level by using the BRRRR strategy and doing an occasional flip here and there. All while trying to get my portfolio where I want it to be. My goal is to have 50 units by age 30. I have some more seller finance deals that will be coming up within the next few years, so I will definitely hop on those. However, I'm stuck at the moment because I am having a hard time getting financing for deals. The banks really won't touch me due to being young and not having a long enough track record or enough income yet. So where do I go? Just focus on private money lenders? I would really appreciate any helpful thoughts here. Thank you fellow BP members.

[Eric James]

I agree with @Anthony Dooley

Be careful and don't get caught up solely in the number of units you have.  For example, you might get a lot of units with owner financing, but be paying too much in purchase price. 

To BRRR can you purchase and rehab with cash, and then refinance later? Just a thought and good luck.