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Updated almost 6 years ago on . Most recent reply

User Stats

38
Posts
20
Votes
Joe Ort
  • Jacksonville, FL
20
Votes |
38
Posts

What would you do if....

Joe Ort
  • Jacksonville, FL
Posted

...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:

  1. Start finding BRRRR opportunities and recycle the cash but slower acquisition
  2. Continue buying rent-ready properties
  3. Continue saving up and go after ~$1M MF

Would love to hear the groups ideas/considerations.

Thanks in advance.

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