I recently purchased a rental property with 25% down payment funded by my own private money.
My strategy is buy and hold, rent it out.
The question is now what I do to find the down payment for the next rental property? I no longer have additional cash to fund the next property.
Really, I think the question comes down to scaling. With my buy and hold strategy in a very expensive housing market, how do I fund the down payments for the future properties? Thank you all very much in advance.
So you can do the BRRR method and add value to the property then pull the money back out. You can wait for appreciation and principal paydown after time and pull the money back out. You can save up another 25% through frugality or getting a second job. You can access a 401k loan. You can cash out refinance or HELOC your primary residence.