2 Properties Down- Where to go from here?

[Adri Jusczak]

Hi All- I am in the process of refinancing my 2nd BRRRR. I'll be getting a check for roughly 68k. My goal is to buy 4 doors this year and double that number every year until I hit 15K monthly cashflow. Right now I'm at $750 monthly cash flow. How is the best way to scale from here? I can buy another SFH cash potentially and do another BRRRR. If I were to get a MFH, I would have to finance that and then BRRRR. I'd like to get one MFH this year, I just don't know what order I should do it in. Any tips would be appreciated!

[Dave G.]

@Adri Jusczak Your path will be based on your goals and situation. It may also be driven by what opportunities you find. What if you don't find a good 4-plex this year but you find an awesome #3 SFR investment? A bird-in-the-hand vs two-in-the-bush thing, right?

I am among those that believe RE investing is a marathon, not a sprint. Doubling your doors every year sounds pretty sporty to me. Sounds like you're doing well so far, just don't grow too fast and bite off more than you can chew. Don't get overleveraged, make sure you have accurately-calculated cashflow on all your properties and be smart and deliberate with your acquisitions. 

Good luck to you!