All Forum Posts by: Brandon Cobb

Thanks so much everyone for the advice and input!

That definitely gives me some ideas on how I'm going to fund my next purchase and gives me a better understanding on how one can use income from additional properties to cover the costs of vacant properties. 

I'm both nervous and excited about this new adventure and look forward to getting more great advice as I continue on. 

Thanks,

Just starting out, and with little to no money in my pockets, I'm looking to close on my first Buy & Hold property. I chose something that needed zero repair, needs very little updates, and is something that I can afford to leave vacant should I not be able to find/keep a renter. This is where my questions come in: I can currently afford to leave this particular property vacant if I had to, but I couldn't do it twice, or more. How does one acquire additional properties in the years to come when they risk holding costs beyond that of their income? Is this common practice for investors? I can't imagine investors, especially new investors, are paying off their first properties before acquiring their next properties, so I guess I'm asking How does this work exactly? I can see using income from the first property to fund the down payment of the next, but what if you don't have income coming in from the next property? Thanks for any advice! ~Brandon