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Updated over 4 years ago,
Single Family Home Rentals - Desiring More Cash Flow
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