Multifamily investing in Dallas

Hey Om,

A concept I learned through BiggerPockets that relates directly to your question is called the "Stack Method". It is a way to quickly but conservatively scale your portfolio by doubling your unit count with every purchase. For example, a single family one year, a duplex the next year, a quadplex in the following year, and so on. It allows you to learn and initially make mistakes at a smaller level all the while gaining momentum, growing your confidence, and scaling your portfolio along the way. You can utilize equity growth (especially if value was added) and cash flow from previous properties to assist in funding the down payments for the next level up.

Of course this is a quick summary of this method coined by Brandon Turner. However if this interests you I highly recommend reading the book Multifamily Millionaire by Brandon Turner and Brian Murray. They go into this topic much more at depth and also dive into important concepts such as financing, deal finding strategies, analyzing deals, and much more. Hope this helps, best of luck on your journey!