Take the Equity and build a bigger portfolio or hold strong?

[Drew Tawlks]

Hello,

Thanks to everyone on here for your expertise and willingness to help us young guns. Can’t wait until I have enough wisdom to pass on one day and pay it forward.

I’ve been primarily doing flips and building capital for the last few years and I currently have one long term rental that I bought about 3 years ago. Long term rentals are my passion and the direction I want to start focusing my attention on. My current rental yields about $800/month profit and it’s awesome. However, I’m sitting on about $250,000 equity and I can’t help but think about selling and then immediately turning that into 3-4 rentals in a cheaper area that could double or triple my monthly income and make big strides in growing my book. I’m curious if you experienced investors have found success by using this method. My long term goals are to build a larger long term rental portfolio to gain passive financial freedom.

Would you suggest:

A) Selling and buying 3-4 rentals and bumping the monthly cash flow up.

B) Hang tight, don’t sell assets to get assets. You’ll regret giving up a well performing asset at a time where that can be difficult to find.

C) Freestyle with some knowledge.

Thank you all in advance!