Long term passive income

[Travis Cripps]

Hey guys,

Wanted to get a couple opinions on our current strategy. My wife and I purchased 8 doors this year (2 duplexes, 1 fourplex) that were purchased nearly turnkey. All are in good neighborhoods and rent around the 1% rule. My plan is to keep all income in the properties for capex reserves and if there is enough left over, early loan paydown. The goal would be to avoid putting additional capital into the properties that doesn't come from rent (making them self sustaining). We don't currently need the income and would have these paid off in about 20-25 years with this plan. I would like to jump into a brrrr this year to see if we can increase cashflow to speed the loan paydown process. My question is, in my position would you try the BRRRR method to increase the cashflow or stick with these near-turnkey multifamily properties renting at the 1% rule?

Thanks ahead of time,

Travis

[Peter Pratti]

I wouldn't really aim to pay them down faster, I would aim to get more properties where the numbers work.  The tenants are paying down your note, use it to your advantage.

I would always use the BRRRR strategy, it will get you more properties and more equity.