Scaling up your Rental Portfolio

[Amier Tutie]

Hello, so first time posting, always reading and listening. Here is my current layout.

I own 4 rental properties, all cash flowing great. Have not had any vacancies in the last 5 years, steady rent increases, all going too well haha.

We bought a house in Strongsville in 2023 and on track to have it sold in May 2025. Bought for 250K, contracted to sell for 429K. This house will pay off ALL of our debt. No more car loans, credit card debt, all of it except for the new mortgage on a house we bought in Fairview Park (to which we also got a great deal, needs flipped)

Some of my rentals I bought back in 2019, 2020, 2021, I am trying to figure out at what point is it worth it to cash out refi to buy more? I enjoy the cashflow from all of the rentals and the interest rates are low (3.5, 4, 4.5%) but trying to consider pulling equity out to buy another rental. With the sale of the house, we should have 25K leftover after everything has been paid. Not nearly enough to buy another rental with needing to show cash reserves for the rental properties. 

Just want to know what would be a good direction to keep scaling as I plan on hitting 10 properties by the time I am 30 ( I am 27 now) so I want to make this ambitious goal a reality.

Any information, stories on how you did it, any feedback would be greatly appreciated.

Thank you!

[Joshua Janus]

Quote from @Amier Tutie:

Hello, so first time posting, always reading and listening. Here is my current layout.

I own 4 rental properties, all cash flowing great. Have not had any vacancies in the last 5 years, steady rent increases, all going too well haha.

We bought a house in Strongsville in 2023 and on track to have it sold in May 2025. Bought for 250K, contracted to sell for 429K. This house will pay off ALL of our debt. No more car loans, credit card debt, all of it except for the new mortgage on a house we bought in Fairview Park (to which we also got a great deal, needs flipped)

Some of my rentals I bought back in 2019, 2020, 2021, I am trying to figure out at what point is it worth it to cash out refi to buy more? I enjoy the cashflow from all of the rentals and the interest rates are low (3.5, 4, 4.5%) but trying to consider pulling equity out to buy another rental. With the sale of the house, we should have 25K leftover after everything has been paid. Not nearly enough to buy another rental with needing to show cash reserves for the rental properties. 

Just want to know what would be a good direction to keep scaling as I plan on hitting 10 properties by the time I am 30 ( I am 27 now) so I want to make this ambitious goal a reality.

Any information, stories on how you did it, any feedback would be greatly appreciated.

Thank you!

 Congrats on your success so far in your investing in Cleveland! That sounds like a great spot to be in. 

If you have the right team in place (management, construction, financing etc.) look for deals where you can capture equity via the BRRRR method. Then flip every few to keep the machine moving. I've been doing this the last 3 years in Cleveland well over 100 times.