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All Forum Posts by: Jerome Manuel

Jerome Manuel has started 0 posts and replied 1 times.

Post: How Can I Purchase My Third Rental Property?

Jerome Manuel
Posted
  • Rental Property Investor
  • NJ (new jersey)
  • Posts 1
  • Votes 1

Not sure if you are familiar with it yet but I suggest using the BRRRR method. If done right, this will set you up to leverage the equity in the property to keep rolling into your next property so you don't have to sit and wait until you save more money to move on to the next. One of the key things here though is that you need to find distressed properties under market value that you can rehab and add value.

If you have 30K now I would look into equity from your current properties, private lenders, hard money lenders, personal loan from a bank, etc.  There are a lot of different options you can explore you just have to not take "no" for an answer and get creative.

Hope this helps!