Not Sure Where To Turn

[Mandy Thompson]

My husband and i started buying rentals about 4 yrs ago.  At this point we have 15 doors. (single family and duplexs) all cash flowing pretty well from the get go. We have mortgages on all properties and have pretty much exhausted all our buying power.  

A few of our loans are fixed, held in personal names, but many are traditional commercial loans held in llc's. I know there is much debate about the llc's but they are already set in place.  

We are in need of refinancing on a few upcoming loans that will be rate reseting in july 2024, with more to follow in 2025 & 2026. we also are in need of guidance to strategize moving forward, as we feel we have hit a wall and are ready to learn-grow-move to the next level. 

We feel we need to fix-strengthen-assess our foundation to stay healthy. Basically "this is our portfolio, how can we maximize it to the best moving forward"  so we can continue to grow and thrive. 

My husband and i have been doing 95% of all the remodel work - from top to bottom- aside from a few electrician/ plumber bills. He is a lifelong tradesman versed in various forms of construction. We purchased many that had long "days on market" scaring away other buyers, so our properties all have sweat equity. 

We are in desperate need of some guidance as we are fast approaching new things with the resets, and also do not want to foolishly burn through cash reserves making mistakes moving foward that we didn't know we could have done differently. 

We are also beyond ready for a "step -up" to a more real estate specialized tax advisor/cpa. We know cpa's can get expensive. Alot of our finances are tied up right now in equity after spending so much in down payments, plus remodel costs out of pocket. We need to baby step up, possibly an advisor who is looking for new clients, as they are growing just like us, and have fair rates that we can each benefit from as we grow bigger together. We have done a few consults in the last few month's, but dont have $5,000-$10,000 cash laying around (at least right now in our investing career). The local guys do ok, but they do not specialize in what we are doing. I do the vast majority of our bookeeping as well. 

As a side note, on top of our rentals i will be obtaining my agents license sometime between december and february and i know this also changes things tax wise and there are specific ways to set up your sales agent situation for maximum tax benefits. All foreign and new to us. 

Educational books have very been inciteful (thanks bigger pockets !),  but can only help so much. Especially when your "professionals", don't understand them or the concepts/techniques as they are "different".  We live in a very rural small town area, but know there has to be bigger & better as we originate from a huge city.

We would appreciate any info or leads we can get. so thanful for the bigger pockets "family" and know you all can guide us to continued success moving foward. We know we have options & a good little starting point, but are overwhelmed and need someone who has been where we are going to light the way. 

Thanks for your assistance in advance,

Jadestone properties