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Updated 10 months ago,
LOOKING FOR INPUT ON NEXT STEPS TO SCALE - Mid Level Investor
I am a managing member of family rental LLC which owns 4 properties in the northwest ohio area. We currently operate the portfolio at an 8.5% cap and have moderate cash flow. The current market that we are in has limited inventory and are looking to expand our portfolio to maximize wealth. We recently handed management over to a management company and I'm curious on what we should be thinking about for next steps that are practical for a moderate risk level.
Should we keep investing in our current market where most of the partnership lives?
How do I get the rest of the group comfortable with investing in another market where we would need to source property managers, learn the area, etc?
What other things should we be thinking about?
Thanks,
Parker