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Updated about 6 years ago,
Question on next move
I'm a beginner investor. I have a few BRRRR deals under my belt and I'm looking to keep growing. Everything has been running pretty smoothly so far, but I'm not quite sure what i want to do for my next move. I'm naturally drawn towards the more rural areas where I can find good 2% deals. I self manage my rentals and I don't currently have a job, so it hasn't bothered me yet having them more spread out. I'm just not sure if once i get to say 30+ doors if it will be too much of a pain in the butt. Then being in more rural areas will it be too hard to sell them off if I feel they are too much stress.
On the flip side, i can find 1.3-1.5% deals in the more metro area. The only problem i have with this is the best i can seem to find for net ROI is a max of 40% compared to 70%+ in the rural areas. So basically twice as much money per dollar invested.
So what would everyone suggest? Faster growth and higher ROI, or easier managing but less of a return?