How I bought 3 buildings in first six months, out of state?

How I bought 3 buildings in first six months, out of state?

Rental Property Investor · San Diego, CA · Member since 2018 · 242 posts · 234 votes

I’m not selling any coaching. I have a full time job and do real estate on the side as a hobby.

However, I’ve been asked to speak @jennifer Santoso multi family meet up on Wen 10/23/19 at 6:30 pm

The address is 5040 Camino San Fermin, San Diego,ca,92130.

I purchased the first 3 buildings, 26 doors in my first 6 months. We now own 85 + units...

My goal #1 goal is to simply the process so folks can get their first deal done quickly in 4-6 months.

Step 1 free up cash

- apply for equity line and reduce expenses.

- pay off credit card debt and get rid of car payment.

Step 2 locate 1-2 out of state markets . I like KSMO,OH,AL

Step 3 call brokers LoopNet

Step 4 figure out your investor/partner team.

You need 3 things to do a deal.

Time

Money

Experience

Find partners with items you don’t have. Folks with money often don’t have the time do do it themselves or the experience to invest out of state. Give time,money or experience to your team.

#mailbox$

#Passive income

#build wealth

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  • Dan HandfordPro Member
    Investor · Lexington, SC · Member since 2018 · 779 posts · 501 votes
    7y

    @Jason Graves If you invest passively then all your need is money.

    Great story! Nice to see others succeeding in multifamily investing.

    Keep it up and enjoy the meetup!

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