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Updated 5 months ago,
How to scale and grow from here
Hey community, i have a question which has been on my mind as an investor for long. I own 23 doors at this time in Arkansas and Northern Virginia, i have been using my own capital to buy units so far. Some of my properties have appreciated and some months i do have to be negative in cashflow but i am holding on, improving my systems in place because i am doing it for the long term.
At this point with my network and contacts i have really good deals at my desk many times but i have no capital to buy them and i kinda hate it, just wanted to pick the brain of the experienced folks here, should i raise capital and include other people and help them get 8% cash on cash and be partners and if so how and from where as i have never done this before? Should i refi my units which will kill my current cashflow and impact my reserves? Should i just hold on keep going the slow route and buy when i can, i am 29 years old and i really want to be at 100 doors in the next 3-4 years but not at a risk to my current situation. How would you do it?