How to Scale from One Property & Grow Your Portfolio

What's the best way to grow your real estate portfolio after securing your first house hacking deal?

-----------------
How to Scale From One Rental Property and Grow Your Portfolio
While there is value in finding real estate mentors, I truly believe that you can learn everything you need to know about real estate for free. We have tons of valuable, free information on our podcast, blog, and YouTube channel. If you’re looking to grow from one rental property, I would suggest assessing how much equity you have in that property.
If you’re in a good equity position, you can talk to a banker about using a HELOC or cash out refinance to obtain your second property. I always suggest seeking out smaller local banks first. They can often offer you better rates and more flexibility.
-----------------
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

[victoriamorin]

Should you consider taking cash out even if it could create negative cash flow for that property? I realize it may still appreciate, but depending on the payment it could take longer for rent to rise past the mortgage payment.

[_sports]

Good video … learning a lot watching this type of content

[samy]

Questions!
I have own condo for primary but would like to invest rental property
I have $200k cash in my pocket. But no idea that which property is great for rental in nyc.
I am considering Studio or multifamily but with $200k, seems like difficult to purchase multi families
Everything is expensive
Any advice ?

[kendavis]

Morris, The FED Chairman, Powell, has dropped "transitory" from the description of inflation in his recent speeches. That said, folks that buy single family units should have great options in 2022, And rental real estate is a very good hedge against inflation. I'm a retired guy (at 59 1/2 because I had real estate by then, now in my 60's) but I plan to buy at least one additional single-family in the next 12 months. Also a passive investor in 190 doors in apartments. I like both models. Apartments present more opportunity to get all your money back plus cash flow, but usually has more of an up front cost, and I have never stepped foot on any of the 3 properties I'm part of, I just get a monthly report and a quarterly distribution. Single family - been on site to every one, they are local. The only issue there that even here in Texas, we've got a renter that hasn't paid rent in 4 months. And even in the most landlord friendly state in the US, we can't get the eviction into court until March of 2022 at the earliest. LET'S GO BRANDON! for all the shut downs.

[judajitsu]

This “snow ball method” will certainly snow ball the amount of debt you’re screwing your self with if there’s another housing crisis

[stevenshorten]

Ugh, Clayton is a landlord too? Lame.