Financing for second deal.

[Chad Duncan]

I bought my first multifamily investment a while back and am saving up for my next one and am wondering how on earth all these investors are gaining huge ground. It seems that 24 units in 2 years is almost a norm, at least looking at success stories it is. 

How can someone go deal after deal like that? My idea/plan is to save money down and house-hack a 4-plex or something along those lines. How could I gain more units (5+) in short amount time?

[Scott Hollister]

@Chad Duncan how creative are you? 

Just be careful when comparing yourself to others: Don't do it! haha (Aim to be better than you were yesterday!)

You are correct in that if you save up for each payment it WILL take forever. I think if you focus on a business plan that is repeatable then you will find more success with REI. (Ever thought of doing BRRRR and rinsing that down payment? Just one option) Once you put a down payment it is locked up and has a 0% return, wouldn't it be wiser to reuse that money?

Also your market and someone else's market with a 20-30k purchase price is a little different. (This is a gross generalization)  

I think most of the success stories are hard workers that GRIND! They just find a way, whatever it might be.