what do you suggest as the next step?

[Gustavo Vargas]

Hello all, I sort of a newbie. I own a 4 plex and 2 sfh generating cashflow overall. I would like to take the next step to but not really sure what direction to take. My possible choices are, keep buying SFH and /or duplex/etc or try to go a little bit bigger and get an apt. building, or a commercial property. ( i dont have any experience with the last two).
I have found a nice commercial with high traffic counts and pretty much ready to subdivide easily into 3 to 4 commercial spaces (from 1200sq to 1300 sq each) , plus big warehouse in back. My goal is to eventually have a portafolio of rentals that can supply a steady side income ( and maybe replace my work income in the long run) as well as having the equity builded by the tenants paying the note. any thoughts suggestions?
I appreciate any input.
Thanks
Gustavo

[Joel Owens]

You can go after multifamily with value add deals using hard or private money.

Increase the rents and occupancy and increase the value of the property based off the income approach.

Commercial is based off the income it generates as a main factor in an appraisal for refinance or selling.

With residential it is the comparable sales approach weighted most heavily.