Buying Multiple Rental Properties Link

Always factor a 10% property management fee into your math before you buy, even if you plan to manage it yourself initially. This ensures the deal still works when you eventually hand it off.

Create a "playbook" for how you handle tenant screening, maintenance requests, and late rent. 5. Risk Mitigation buying multiple rental properties

How many are you aiming for in your initial "phase one" of scaling? Always factor a 10% property management fee into

Decide if you want 10 houses in one city (easier to manage) or 10 houses across three states (protects against local economic downturns). 4. Transitioning to Professional Management allowing for more flexible terms.

Once you hit your limit, you’ll need "Portfolio Lenders" (usually local community banks). They keep the loans on their own books rather than selling them to Fannie Mae, allowing for more flexible terms.

Financing changes once you move past your first few properties: