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Updated over 1 year ago on . Most recent reply

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William Blaker
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How to obtaining more properties after my first to build portfolio....

William Blaker
Posted

What are the top recommendations of building my portfolio as I cant continue to put 20% down on every property moving forward? I'm not clear on how folks are building their portfolios relatively quickly in many cases. Any information would be a huge help. 

Warm regards

  • William Blaker
  • Most Popular Reply

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    Siraj Alsafar
    • Real Estate Agent
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    Siraj Alsafar
    • Real Estate Agent
    Replied
    Quote from @William Blaker:

    What are the top recommendations of building my portfolio as I cant continue to put 20% down on every property moving forward? I'm not clear on how folks are building their portfolios relatively quickly in many cases. Any information would be a huge help. 

    Warm regards


    Well that's a great question and I'll it depends on what you're buying. If you're buying smaller multifamily that isn't considered commerical then consider doing some work that will make the property appraise as high as other comparable sales in the area.

    If you're doing retail, or commercial multifamily or anything else fill those vacancies and maximum the NOI.

    Long story short you want to know how to get the best fixed rate refinance you can and preferably buy value add deals so you can pull more cash out to scale.

    If you buy stabilized assets it's nice, but it's also harder to scale.

    Find value add, add value, refinance, repeat.

    Feel free to connect if you would like to discuss

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