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Updated almost 6 years ago on . Most recent reply
What would you do if....
...you were in my shoes. Here's an overview of the situation but ask more clarifying questions if that helps:
- Decent W2 income and clearing ~$3.5k after expenses every month
- Decent funds available (currently all deployed in private lending) - $175k
- $30K in 1031 funds; clock just started
- Long distance investor - based outside of NYC
- 5 doors (duplex and 2 SFR in KC, 1 SFR in TX) - all purchased in the last year so not a lot of equity available to tap into
- Mostly turnkey/MLS/retail buyer so far
- Not a lot of time (baby #2 due in a month plus full time job plus side hustle consulting)
I have 3 paths in mind but feel free to offer others:
- Start finding BRRRR opportunities and recycle the cash but slower acquisition
- Continue buying rent-ready properties
- Continue saving up and go after ~$1M MF
Would love to hear the groups ideas/considerations.
Thanks in advance.