New Member

[Aramis Jordan]

Hi!

Technically I am not a new member, I see the newsletters but first time logging in. I am a franchise owner, and started investing in real estate with my partner two years ego.

We mainly did it because at the time, we where paying over a 200k in rents for our stores.

We started with one building, that let to two, than 3 etc...

today we have two commercial building holding two stores, with another 4000 square feet waiting to be rented in one of the buildings

We are from Mass, so we started looking into rental units, and today we own 8 rental units

All in all we have over 40k in free cashflow that we keep investing, total portfolio is worth about 1.4 million, with equity of about 600k.

We want to continue growing, but now we have used all of our capital and trying to work with banks to finance new existing properties.

We look at purchasing a 2-3 decker (term in new England for a 2 or 3 family) we try to buy them for 25-35 per door, fix them and be into them for 50-60. We been doing good.

We just purchased a 2 family for 63k, we are putting 35k into it, rents will be 1800, and the appraisal just came in at 140k

Does any one have advice?

Thanks

aramis