How to increase property count

[Matthew French]

Hello!

I currently have one 4plex that I’ve had for about 14 months.

I have saved up around $50,000 more dollars to use to invest into something else this spring. How should I best use that money to get into some more units?

I have a goal of 10 units by end of 2022. Currently with 4, I hope this is possible.

In my market, $500,000 gets a decent 4 plex, and $400,000 get a nice duplex. Tons of $120,000 condos. Average rent for any 2br/1ba $1150/mo.

[Lamont Chen]

@Matthew French You can probably try to buy another 4 plex as owner occupied since you lived at your current residence for little over a year and then repeat for 2022. You can check with a local mortgage lender to see if this will work.