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Updated about 6 years ago,
Question for other accredited investors: what are you doing now?
I bought most of my rentals at the bottom of the market or near bottom, other than 2 of them that I had to buy 1.5 years ago due to 1031 exchange that I needed to do for a long list of reasons.
I have capital to deploy, but am more interested in using existing capital in rentals already so that I keep my other money for other opportunities (plus once I buy an investment property, it's difficult to get that money OUT tax free).
So what are the other accredited investors here doing. I'm primarily looking for opinions from people at the accredited investor level.
I'll be selling one rental in a couple months after nearly 5 years of holding it and buying either 1 or 2 replacements in Seattle area or buying 4 replacements in Las Vegas OR spreading it around the country.
One thought has been turnkey rentals but I've read terrible things about them.
So for now I'm just buying 2-4 more with the sale of one, but not going in to buy 10 new houses with capital on hand until the market crashes. I'm dollar cost averaging....not timing the market, there is a difference.