Single Family Home Rentals - Desiring More Cash Flow

[Mike Smith]

Hi,

I have a few single family rentals that have a decent amount of equity in them (been a side hustle for me - I don't make a ton of money on them).  I keep looking at the high prices of homes and think to myself maybe it's time to make a move... sell them and invest in a large multi-unit property or possibly leverage the equity to get into a large multi-unit property.  At the same time I figure any decent large multi-unit is going to be fairly pricey.  I'm just wondering what people are thinking / doing these days.  Ideally I would like to leverage what I have to get some more cash-flow (I charge about as much as I can right now).  And I don't really have the time to take on flipping or fix-ups to rent as this is the side hustle.  Just wondering if anyone has any thoughts - poking around for different angles.

Thanks

[Brian Ploszay]

You are from Dayton Ohio, and area where the homes are fairly cheap.  Or at least some of them.

Nothing wrong with Dayton, but midwest areas that have lost urban population have lots of cheaper homes.  They most likely don't appreciate fast, but you can make more money on cash flow.  

Well, real estate is about making money.  So go ahead and sell one of them.  

I would be careful in investing in apartment buildings, unless they were in good areas.  The advantage of single family rentals is that the demand for them is very high.  Usually higher than apartments.  Long term tenants love houses.