How to Get Money to Purchase Rental Properties
In this episode, the Scott Dillingham discusses how to get the money to purchase multiple rental properties. Scott shares his personal experience and strategies, including buying properties with 5% down, renovating them to increase rent and eliminate issues, and using the equity to refinance and buy more properties. Scott also discusses the importance of working with lenders who specialize in working with investors and the transition to multiplex investing. The episode provides valuable insights for investors looking to grow their real estate portfolio.
Takeaways
- (00:00) - Introduction
- (01:30) - Buying Properties with 5% Down and Renovating for Maximum Rent
- (09:12) - Investing on Autopilot and Growing the Portfolio
- (09:39) - Mortgage Plus Improvements Strategy
- (15:47) - Transitioning to Multiplex Investing
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Takeaways
- Buying properties with 5% down and renovating them can be a good strategy to get started in real estate investing.
- Renovating rental properties upfront can increase rent, minimize tenant issues, and improve property value.
- Refinancing properties after they appreciate in value allows investors to pull out equity and use it to purchase more properties.
- Working with lenders who specialize in working with investors is important to ensure the financing process goes smoothly.
- As investors grow their portfolio, they can transition to multiplex investing for larger properties and better cash flow.
If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.