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Updated about 3 years ago on . Most recent reply

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101
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28
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Freddie Williams
  • Rental Property Investor
  • Norfolk, VA
28
Votes |
101
Posts

BRRRR Strategy... Question

Freddie Williams
  • Rental Property Investor
  • Norfolk, VA
Posted

I have bought and flipped for quite sometime but now I want to change my strategy to purchasing and holding properties. Guess my first question is how is this possible. Most lenders now want 20 % percent down per purchase. Now as you would WE all are not made of money so my how is this possible.

How is it that investors can increase their portfolios with rentals while having to drop 20% for every purchase ????

Thanks in advanced for your responses.

Most Popular Reply

User Stats

213
Posts
159
Votes
Amit Kal
  • Investor
  • Sunnyside, Queens, NY
159
Votes |
213
Posts
Amit Kal
  • Investor
  • Sunnyside, Queens, NY
Replied

How? Work, live below your means, save the 20% and then buy. Slow and steady. I also partnered up with a buddy and we both put in half so we can do more transactions per year. No overnight (for us) riches here, but after only two years, we are cash flowing $6k a month EBITDA. If we don't touch our cash-flows and instead use it for the next down payments, we can accumulate the same number of properties we have now in only one year. Snowball effect.

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