20-Year-old college dropouts explain how they built a 28-unit real estate portfolio with less than $1,000 in savings combined?
Question: 20-Year-old college dropouts explain how they built a 28-unit real estate portfolio with less than $1,000 in savings combined?
According to the article, the two college dropouts started by wholesaling properties, which involves finding underpriced properties and selling them for a profit without doing any renovations or repairs. They used creative financing strategies, such as owner financing and hard money loans, to acquire their first few properties. As they gained more experience and built a reputation, they were able to leverage their existing properties to acquire more real estate. They also focused on providing affordable housing for low-income tenants, which helped them to generate steady cash flow and build long-term wealth. Despite starting with less than $1,000 in savings, they were able to scale their portfolio to 28 units and become successful real estate investors.
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