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Updated almost 7 years ago on . Most recent reply

User Stats

25
Posts
9
Votes
Mike Anderson
  • Investor
  • Glendale, AZ
9
Votes |
25
Posts

My first post...looking for open discussion

Mike Anderson
  • Investor
  • Glendale, AZ
Posted

Hello,

I started to invest 6 years ago and now find myself with 7 rental properties.   

Status: I have 6 out 7 paid in full.   

It's great having cash flow (7.3K gross) coming in every month but I'm sure that I'm not fully leveraging bank monies to make even more cash flow.   This whole thing seems to have happened so fast it's still a blur.

I do not want to over leverage and lose assets, so I have been conservative.    I have been holding as the Phoenix market has been going up now at 2.3 months of supply left.

However, I now have over a million dollars in rental assets, and I was wondering what my next play (multi, add bank leverage, acquire more) should be?

Thanks in advance...

Mike

Most Popular Reply

User Stats

9
Posts
6
Votes
Craig His
  • Chandler, AZ
6
Votes |
9
Posts
Craig His
  • Chandler, AZ
Replied

Your in a good situation (in my eyes at least)! Looking forward to hear what some experienced investors will have to say!

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