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The following is a typical portfolio of an investor who, over a twelve year period purchased a home for $22,000.00 with no money down, and in fact got cash at settlement to him and accumulated 19 more homes from that home over the years providing him and his family a considerable amount of money in the process.
Through refinancing and taking second trusts whenever there was equity built up in the properties, and the sale of two properties, the investor was able to acquire additional properties, thereby creating a large investment portfolio. As you can see, by using other people's money (OPM), he was able to accomplish his goals.
1970
Acquired Home #1 - Financed for $22,000.00 - Listed for $16,000.00 Investor was able to take cash out over list price and get paid to settle.
1973
Placed a New Second Deed of Trust on Home #1 - Purchased Home #2 with the money from the New Second Deed financing on Home #1.
1975
Refinanced Home #1 with a New First Deed of Trust - Placed a New Second Deed of Trust on Home #2 - Purchased Homes #3 and #4 with the money from that financing.
1977
Refinanced Home #2 with a New First Deed of Trust - Placed a New Second Deed of Trust on Homes #1 and #3 - Purchased Homes #5, #6, and #7 with the money from that financing |
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1979
Refinanced Homes #1, #3, and #4 with a New First Deed of Trust - Placed a New Second Deed of Trust on Homes #2 and #5 - Purchased Homes #8, #9, #10, #11, and #12 with the money from that financing.
1982
Placed a New Second Deed of Trust on Homes #3 and #4 - Sold Homes #1 and #2 - Purchased Homes #13, #14, #15, #16, #17, #18, #19, and #20 with the money from that financing and sale of properties.
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