It’s true—we regret scaling our real estate portfolios. We’ve learned (the hard way) that less is often more, especially in today’s market, where great deals aren’t as easy to find. Want to make sure your quest for more rentals doesn’t derail your investing journey? We’ll share where we went wrong so that YOU don’t make the same costly mistakes!
Welcome back to the Real Estate Rookie podcast! Social media would have you believe that a large portfolio is the key to reaching financial freedom, replacing your W2 salary, and retiring early. And while you may need more than one or two rental properties to achieve your biggest investing goals, scaling too quickly can have the opposite effect—killing your cash flow and leaving you with more headaches than you bargained for!
In this episode, you’ll hear how putting all his eggs in one basket caused Tony to lose over $200,000 on ONE deal and how growing too fast caused Ashley to miss out on one of the BEST years to invest in real estate. Stay tuned to learn what we would have done differently if we could wind back the clock!
In This Episode We Cover
Why Ashley and Tony regret buying so many rental properties so quickly
The pitfalls of scaling your real estate portfolio (and how to avoid them!)
Why “less is more” when it comes to building a rental portfolio
What WE would do differently if we started investing today
Why stabilizing your properties is more important than acquiring more
Creating necessary procedures, processes, and systems in your real estate business
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-522
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