What Should I Do Next?

[Matt J.]

I closed on our 4th rental property last Monday using money from refinances on other properties that appreciated quite a bit over the past couple of years. After the down payment, we're sort of back to square 1 on what we want to do next, we being my wife and I. I haven't had much experience with any BRRRR types of projects, which I'm definitely interested in, but I guess I'm just curious what some of your guys' next move would be if you were in my shoes.

For some context, all 4 places are cashflowing pretty well, I do have some reserves, around $25,000 currently. I invest in a market 2 and a half hours north of me and work with property managers to take care of basically everything on them. We clear around $1800 a month after all expenses on our current portfolio, which is pretty good, but obviously not enough for me to quit my 6-figure job. 

So what's my next step? 

[Ned Carey]

@Matt J. it seem the obvious answer is buy more properties. The question is how do you do that. Se if you can get credit somewhere, from either equity in your rentals or in your home. Use that money with your reserves to do BRRRR. You might want to check out @Brandon Turner's book on buying properties with little or no cash.

I am assuming you are asking because you don't feel you have the cash to just go out and buy more.