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Updated about 3 years ago on . Most recent reply

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154
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119
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Sachin Amin
  • Columbus, OH
119
Votes |
154
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I hit plateau in REI - how to scale up?

Sachin Amin
  • Columbus, OH
Posted

Have a great fulltime job with good pay and benefits - After investing in multiple states (8 units in total) (full turnkey) hit a plateau ( 1% rent rule, 9% PM fee, rent ready expense which offset your yearly ROI :) :) ) and the single family deals do not excite me anymore. would like to know from community members who hit similar scenario and how did they get out of this situation and scaled-up.

Most Popular Reply

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927
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Jon Kelly
Pro Member
  • Investor
  • Bethlehem, PA
950
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927
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Jon Kelly
Pro Member
  • Investor
  • Bethlehem, PA
Replied

@Sachin Amin Shift your focus to larger multi-family. Maybe start with 4-10 units. 

I would use your existing network of agents or however you are findings leads. You may need to begin networking with brokers in the multi-family space. 

Make sure you specific criteria established before you start looking (e.g. min-max purchase price, price per unit, monthly cash flow per unit, etc.) 

  • Jon Kelly
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