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Updated almost 2 years ago on . Most recent reply
Suggestions on best way to scale
Currently own and manage my two multi family properties. First a 4 unit then a 2unit. House hacked by living in both before moving into my now single family home. Both properties now have equity and cash flow. What suggestions do you have for next investment/scaling utilizing existing properties.
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Carlos Ptriawan
#1 Market Trends & Data Contributor
#1 Market Trends & Data Contributor
Quote from @Bret Pomeroy:
Currently own and manage my two multi family properties. First a 4 unit then a 2unit. House hacked by living in both before moving into my now single family home. Both properties now have equity and cash flow. What suggestions do you have for next investment/scaling utilizing existing properties.
- buy with convo, HELOC it, then make it rental
- buy with bank that accept appraisal value so no DTI issue
- maximize til 10 properties before going DSCR
- every 6-7 years, sell/1031 one to buy 2. Sell the highest LTV first (perhaps 60-65% LTV), buy 2 with 80%LTV
- maximize buying power into two or three properties.