4 Single Family Properties, What Next?

[Jon Maroni]

Hello BP Community, 

My wife and I live in Spokane WA but own 4 SF rentals in Rochester NY. We purchased each with a traditional mortgage with 20% down. They are cash flowing nicely and our plan is to continue to acquire properties in Rochester. We used to live there and have our team assembled. We have been on pace to acquire about 1 property per year. 

We really want to accelerate our real estate investing and our portfolio (like many of you we have aspirations for early retirement) and are wondering what you might suggest next. Should we invest in muti-family properties to increase our cash flow, are there alternative financing options that we should pursue (we cannot really house hack since we can't live in our properties), what should we do to really step up our investing game? We feel like we are close to reaching a tipping point where financial independence could be a reality but need a little nudge to get there. 

Thanks for sharing your expertise. 

[Jon Maroni]

@David Clinton III We have found the cost of properties to be much less in Rochester, thus less capital is needed to acquire properties. All of our homes were purchased for less than 85K and rent for around 1000-1300. We have considered getting into the local market (especially because of the option to house hack) but it just takes more capital to do so here. Plus we have some unique living circumstances (our housing is paid for because of my wife's job) and thus can't live in a home as a primary residence. BTW I read up about your company and it sounds really cool. I'd be interested in learning more if you're willing to share.