Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Five SFR's but struggling to scale up
I started my real estate investment journey in 2016 by buying my first SFR with a 401K loan. I currently own 5 SFR but I am wondering where to go from here.
Currently cash flowing around $1,200/month and want to scale up faster but I honestly don't know where to go from here. I work a W2 job making decent money and have just been saving up for each rental and making the 20% down payments with conventional financing.
It definitely gets easier with the additional rentals but still too slow for my goals.
I have set a goal for $10,000 per month in passive income but don't see that happening for many years much less than the 5 year time frame I set for myself.
How do I progress from my current position to where I want to be?