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Updated over 6 years ago,
4 Single Family Properties, What Next?
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.