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Updated 11 months ago,
How to scale after your first property
I am 22 years old from NW Washington. I currently own a 4 unit rental property in Mount Vernon, WA, that I bought with a partner. We remodeled 2 of the units and have done a substantial amount of work around the property, and we have roughly $270,000 in equity. We are wanting to continue to scale, however we are unsure of the best way to go about it and what the next steps would be. Prices are very high and cash flow is hard to come by in our area. We are open to investing out of state. We are fairly inexperienced so any advice is appreciated. What is the best way for us to grow our portfolio. Thanks in advance.