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Updated about 7 years ago on . Most recent reply

User Stats

30
Posts
32
Votes
Mike Becher
  • Rental Property Investor
  • North Syracuse, NY
32
Votes |
30
Posts

Strategies For Purchasing Additional Properties Quickly?

Mike Becher
  • Rental Property Investor
  • North Syracuse, NY
Posted

I just purchased my first property in August of this year (2018), and I love it. Being new to this, what are some known strategies that people use to purchase a second, third, fourth property quickly [within a couple of years] opposed to waiting for that single property to bring in enough income to afford the next purchase? I still have cash in the bank, but not enough to dish out another $30K in more downpayments & closing costs without going house poor. At 40 years old, ideally my goal is have 10 properties (or 20 units) within 10 years.

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