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Updated about 2 years ago,

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3
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Susan Humphrey
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3
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Looking for recommendations on how to scale up

Susan Humphrey
Posted

Hello,
We (my husband and I ) are fairly new to investing with purchasing a STR single family home last year and in the process of another STR single family this year.

My husband has a full time very needy job so I am taking the lead on gaining the knowledge needed to move forward.

I listen to this podcast's daily and feel like I am entering into the information paralysis stage.

I have a few questions that are keeping me stuck in the mindset that I need to gather more information before I move toward scaling our portfolio.

My questions relate to residential (1-4 doors) vs commercial and how to mange DTI. If we stay in residential our DTI will limit us. If we go to commercial I do not know much about the lending side and fearful of taking on such a large debt. However I realize that more doors equals more passive cashflow.

I /we are eager to get another property this year (residential or commercial). 

I am 55 y/o and my husband is 50, so we are highly motivated to scale as quickly as possible adhering to wisdom and safety protocols.

I am looking for some direction and guidance?

Much appreciated :)

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