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Multi-Family and Apartment Investing

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Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
32
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205
Posts

0 to 30 units?

Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
Posted Nov 23 2015, 21:36

Hello

Current College student in Rhode Island College, plan on acquiring 8 unit in 2016 with my business partner. We plan on buying separately using our first time home buyers benefits as well as using FHA or FHA 203k on a value add that needs some light TLC no sink holes! or major rehabs. Currently RI has this new program for college students, where they give new graduates $7k down payment through their first home www.gradgrant.org. So if all goes well we will acquire cash flowing properties with little to no money considering it cashflows as all factors are factored.

Our goal is to scale from our first 8 unit to 30 by 2018!, crazy goal we have been saving and have good savings dusk far. How does one scale from 0 to 8 and 30 units+ and future goal of syndicating deals too.  I have been reading a lot of success stories, and I wonder how they scale so fast, and what skills they have that I should learn. 

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