Advice for next steps for investors with 14 units

[Batista Thomas]

Hello,

My husband and I now have 2 quadplexes, 2 single family homes and 4 townhomes in our portfolio. We started investing in 2013, when we formed our LLC. We want to add another multifamily to our portfolio but can only afford the same time of properties we currently have and I'm not convinced this is the way to make money as we are putting our profits ($200-$400 per door) back into the properties for repairs, maintenance, evictions and bills as tenants do not always pay their rents. The properties do not have much equity so selling at this time wouldn't get us much of a profit. We do not have anyone to approach for investment. The properties are sustaining themselves however thats all they have been doing for the past 5 years with no real growth in terms of cashflow

 Any suggestions on what we should do to take our business to the next level?

[Alex Deacon]

@Batista Thomas I did the same thing for many years. make sure your new purchases cash flow better. You need to buy better properties. You will look better to the banks when you want to borrow money and you certainly will like your bank account better. Its a struggle this business and hard work and sometimes for years you don't see the fruits of your labor but keep at it.