When people hear about riches with rentals they at times get excited and think I could do that! Or they overhear a conversation of someone they know talking about how many properties they have got and how well that they are doing and how much the real estate has gone up in the time that they have had the property.
Was it by luck that they acquired the properties? Did they just open the newspaper and say today I will buy this property? Not on your sweet Nellie,
They had to first learn about finance and look at what sort of loan you would look at getting for your investment loan.
They would need to be able to convince banks of their plan to grow a portfolio of property and how it would all work. Believe me there is lots of money to make in real estate and you need someone to educate you so you can learn the do’s and don’t so you make money from the start.