Seeking Advice: Fledgling investors with $2M Equity on the Rise!

[Wendell HII]

Hey Bigger Pockets community,

We hope everyone is thriving in their real estate ventures! I come to you today seeking your valuable advice and insights as we embark on an exciting phase in our real estate investment journey.

We’re a four-year-old real estate investment business, and we’ve managed to accumulate a diverse portfolio of single family and multi-family properties. Our assets now amount to $2 million, with an incredible 50% equity available. But here’s where we need your guidance: we want to leverage this equity to fuel our growth and take our business to new heights.

Our immediate goal for this year is to successfully complete renovations on two of our properties while simultaneously acquiring three more lucrative investment opportunities. We believe these projects will be significant milestones in our expansion plans. However, we understand that seeking the right investment options and optimizing our financing strategies are paramount to achieving sustainable success.

Looking ahead, our two-year target is ambitious: to triple our net worth. We’re committed to scaling up our operations, seizing new opportunities, and generating impressive returns for our investors and ourselves.

We are currently reading Bigger Pockets “Accelerate your Real Estate” by Niti Jandar and Palak Shah.

Here’s where we turn to you, the experienced and knowledgeable Bigger Pockets community. We humbly ask for your wisdom, insights, and battle-tested strategies.

- How can we best leverage our existing equity to fund our property renovations and acquisitions?

- What investment avenues have you explored that have proven successful in your own journeys?

Important things to note,

- I just lost a 6 figure golden handcuffs income due to the company closing its doors. ( blessing in disguise?)

- our credit is high 600’s

We’re open to considering various approaches, whether it’s refinancing, HELOCs, private financing, or partnering with other investors.

Please share your thoughts, ideas, and any relevant strategies that have propelled your own real estate businesses forward. We’re excited to engage in a meaningful discussion that will undoubtedly benefit our growing community and help us achieve our dreams of financial independence.

Thank you all in advance for your generous contributions!

Warm regards,

Wendell and Michelle.