New member and looking for advice

[Anthony Ceraldi]

Hello, So I am brand new to the forum. I am 28 years old and I have successfully flipped 2 single family homes in Long Island with my father and brother. We are equal partners. However for the last 6 months have been unable to locate anymore properties worth taking on as prices have gone up too much from other investors putting in high bids. So rather than leaving our money sitting in cash I am trying to do something else. Let's say we have 130k liquid cash to work with in the Long Island market. Any suggestions of what we else we could do? My fear with renting is then we are tying up a big portion of our working capital and then wouldn't have enough to do anymore flips. I have always looked at flipping as a way of increasing working capital the quickest. Ideally I would like to purchase a multi family for myself so that I could live there almost free instead of me paying rent to someone else but then I would have to pull a significant portion of my investment from the business. Any guidance would be greatly appreciated. Thank you.