What are your thoughts on my next move?

[Nick Newman]

I bought, sold and traded up several times since 2003. Ended up with a triplex that generates 11k per month.

It’s worth 2.4 million, the mortgage is 1.4.

Which of these options make the most sense or if you have other ideas please share.

1. 1. Trade up again (1031), use the million in equity towards a bigger multifamily property.
2. 2. Try to pay off the note as fast as possible and pocket the 11k?
3. 3. Go down the syndication route and have an equity stake.
4. 4. Buy a couple small multifamily turnkeys.
5. 5. Get into a conservative NNN lease.
6. 6. Wait to see where the market goes.

My goal is 20k monthly passive income.