All Forum Posts by: Glenn P.

Wondering what the best strategy is here. I have 9 units (Quad and 5 SFR's all on 15 yr mortgages), everything is going really well, things are cashflowing quite nicely (Bought when the market was down).

Right now, the market is dry where I am.  Not many foreclosuers.

I really would like to buy more properties but wondering what the best strategy is.  I'm looking for income during retirement - not right now.  I do not need the cash flow coming out of the properties and just leave it accumulating in my "Rentals" bank account.

Should I go ahead and buy a proprety that is not a "steal" but still a decent deal, just so I can accumulate more properties?  The cashflow from my other properties could offset a break even situation on a rental home purchased at market rate.  In the end, I still end up with more paid off properties and didn't have to come out of pocket, right?

Or is the best plan of action to pay down all of my current mortagges with extra payments?

Or just accumulate cash and then buy when the market is down?

Thoughts?  Thanks.

Yeah, I would stay away from Phoenix just because of the quality of tenant you are going to get.  Since its so close to campus, I do think the property could be worth something someday, but it may be many many years out.

Personally, I would shy away from it for only $160 in cash flow.

Hi Peter and welcome!  Who do you use for PM in Gainesville and are you satisfied with the service?

Hi,

I am a buy and hold investor from Gainesville Florida. Bought my first rental around 2007 (Quadplex) and have been mainly focusing on SFR's since then.

I look forward to learning from everyone on this site!

Glenn