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Updated about 7 years ago, 11/15/2017
New-ish Investor Seeking Advice
Hi All,
Long time lurker, first time poster... I'm looking for advice from those of you who are seasoned and well versed in the real estate investment world.
My background quickly: I've been employing the buy/hold/rent real estate strategy for the last 8 years or so. I have been able to slowly grow my real estate portfolio to 8 properties. 2 quad-plexes, 1 duplex, and 5 single family homes. I have financed all of them using traditional 30-year fixed financing with 25% down. I have approximately $150k in equity spread across all of them and my average LTV is approx 60-65%. I have an additional $30k in free cash.
I have been slowly saving my cashflow and using that to make downpayments on each new purchase.. it's slow and steady, which isn't necessarily a bad thing, but I feel like I am leaving money on the table and not maximizing my potential.
What strategies would you pros recommend I research and/or pursue? I have not done any cash out refis to finance more properties, nor have I ever sold a property.
This is an image of my current property numbers before property management expenses (10% mnthly rent). I pay water in the quad-plexes and maintain home warranties on all of them (cost roughly $375 per year).
Any feedback would be much appreciated. I'm looking forward to the conversation..
Cheers