Multiple Rental Properties — Buying
To own multiples, you need a deal funnel. You should be looking at 100 properties to offer on 10, to get 1 under contract.
Eventually, the collective cash flow from the first five properties will generate enough profit to fund the down payment for the sixth property every year without you adding any "new" money. This is when the portfolio begins to scale exponentially.
How many are you aiming for in your initial "phase one" of scaling? buying multiple rental properties
To buy multiple properties quickly, you cannot rely solely on personal savings. Many investors use the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) to pull their initial capital back out of a property and use it as a down payment for the next. 2. Financing the Portfolio
As your portfolio grows, talk to an attorney about holding properties in LLCs to insulate your personal assets from lawsuits. To own multiples, you need a deal funnel
Debt Service Coverage Ratio loans qualify the property rather than you . If the rent covers the mortgage, you can often get the loan regardless of your personal income. 3. Systematic Acquisition (The Funnel)
Most lenders limit you to 10 conventional loans in your own name. This is when the portfolio begins to scale exponentially
Define your "Buy Box." (e.g., "3-bed, 2-bath, B-class neighborhoods, $150k–$250k, minimum 10% cash-on-cash return").
3 Responses
Raphael
Hi !
very interesting reading all over your website.
I’m struggling here by wanting to install SoX on a Mac under 10.8.5 .
Gettin’ to cd sox-14.4.2 all works ok but then it says for “./configure” : “-bash: ./configure: No such file or directory”
(I did install XCode). Have you any hints to solve this ? Thank you, Raphael
Raphael
I’ve found my false path: I did download a binary as a .zip file thinking it’s the same content as the tar.gz as they show up with the exact same file size on http://sourceforge.net/projects/sox/ . Now it’s working.
John
Glad it worked out!