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Updated almost 6 years ago, 01/16/2019

User Stats

360
Posts
302
Votes
Dante Pirouz
  • Investor
  • Almont, MI
302
Votes |
360
Posts

Reached 15 Units Owned...Now What?

Dante Pirouz
  • Investor
  • Almont, MI
Posted

Over the last 4 years with the help of the amazing BP community, I've been able to build my portfolio to 15 residential units. But I realize that this is still at a "mom and pop" level not big enough to hire a staff, dedicated maintenance team, etc. but big enough that I know I want to grow, quit my full time job and dedicate more of my time to my investment business. It feels like I'm in the bit of a no-man's land at this level...not a newbie but still pretty much a small fry.

So I'd like to ask for some advice from BPers on where I should go next with my business. 

Should I buy a bigger multiunit with commercial financing...is buying a mobile home park a better investment than a traditional multiunit...is a commercial property (strip mall, office building, NNN) a better bet...is it time to look at becoming an HML or buying notes rather than dealing with more toilets...start a property management company and take on clients...heck I'm wondering if buying a franchise business outside of RE is something I should look at?

I know that any and all of these have their pros and cons but I really would like to hear what some of the seasoned BPers believe have worked the best for them in taking their businesses to the next level!

Can't wait to hear your opinions on this!! Thanks!

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