Ready to go NEXT LEVEL! Need Strategic advice

[Sean Laney]

BP Community, I am looking for some advice to take my investing to next level. So here is my situation... I have 3 single family homes here in Arizona, all rented and cash flowing. I have about $420k in equity combined in these homes. I also just bought and moved into a new home out here in Goodyear AZ (amazing area!) I couldn't be happier. So the problem is... I haven't added to my portfolio in a few months and I am getting the itch! I know I could do another single family home but is that the right direction? I am really looking to spingboard from here and grow more exponentially. I have thought about AirBnBs up in Payson/Flagstaff Area, multifamily, investing out of state, commercial, land purchases, etc.. I have also been thinking of how to better leverage my debt through 1031 exchange, Heloc, porfolio loans etc but dont have much experience in these areas. So tell me, if you were in my shoes what would you do?

[Adam S.]

@Sean Laney

I hear this a lot and go back to what others say…why are you investing? Is it for the short term or the long term?

All the things you list are viable options; it just depends on what you are trying to get to in 5, 10 years. You could use a 1031 with your current properties and get into a MF or commercial property. You could cash out refi and buy an Airbnb. But why are you doing it? There’s no “right” answer. There’s a right answer for you. Good luck!