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Updated almost 3 years ago,
6 units - looking to expand.
Hello BiggerPockets,
Just joined as a Pro yesterday, and looking to dive in. This is my first post. Im not a writer / blogger, so please bare with me and my not so perfect 'righting' lol
My question to you is what do you think is the best way to scale your portfolio.
We currently own 6 rental units. All of the are townhomes. Of the six units, one is a 4 unit that we own. Equity wise we have about 350k in equity in total among the 6 units.
Some backend info, we ( my wife and i) are both licensed real estate agents. Currently we manage all the properties ourselves. We dont have a software, its all done manually. Do you suggest we hire a property management company or get some software to do it ourselves. If Yes to software, which one do you recommend?
Do you suggest we sell some of the units to use the cash to purchase more units? We are located in Northwest Indiana ( ChicagoLand )
Thanks for your help