How to leverage existing rentals

[Brandon Ely]

Hi all, this is my first post. Thanks ‘m hoping someone had suggestions on investment strategy.

I have a couple of SFR rentals in Coeur d Alene, ID. Combined, they are roughly at 50% LTV and I estimate very roughly that I have $300k in equity (at 100% LTV) in the properties.

They both cash flow about $150 per month or so, and I do t have a lot of outside capital to work with to pick up any additional properties.

Any thoughts on how I maximize this situation?

Thanks so much for your insight in advance!

Brandon

[David Clinton III]

The numbers almost always tend to work better in Spokane for rentals - I've had SFR's and MFR's on both sides of the state line. I recommend considering a 1031 exchange scenario into a multi family in Spokane or Spokane Valley. Trading up in this way will allow you to take advantage of "scale", your rents will be higher, your maintenance will likely be lower.