All Forum Posts by: Kevin Konrad

Hello BP! 

checking the pride at the door and looking for some mentorship! 

Currently have 4 rental properties and a good amount of equity which could allow me to break into larger real estate (multifamily, self storage, luxury str). Lately very interested in self storage.

would really love to connect with someone who has established a scaled portfolio and is willing to help out a “newbie” learn and grow. 
I don’t expect free mentorship and believe I could bring value in many ways (paying for time or even better bringing money into a deal where I can learn along side)

End goal is transitioning out of SFR and deploying $800k-$1M into a scaleable asset. I am hung up on taking that leap until I make some connections with people that have done something similar.

Currently active duty in the military and trying to set myself and my family up in the next 5 years so when I get out I can be a full time real estate investor.

Thank you all for the responses! I do like the refinance option and will definitely be looking into that. I'm not sure if there is a way to respond to each individual comment but I appreciate you all taking the time to respond to a newbie!

Hello BP! 

I am currently living in Pensacola FL and looking to get into STRs and possibly multi-family properties. I inherited 2 properties in Denver and I would love to hear what an experienced investor would do in my shoes. Combined the properties are worth about $700k and paid off. They each bring in about $2k per month and thus far have not had many monthly expenses. I also own a primary residence that I purchased with a VA loan that has appreciated about $50k.

I'd really like to use this blessing to jumpstart my real estate investing journey. The options I see are:

A. Sell one or both properties and spread it out among 4-5 higher end properties for STRs in desirable markets, leaving cash aside for furnishings and the necessary emergency funds. 

B. Refinance one or both properties and do something similar as stated above but with even more debt and obviously less money to invest overall. 

C. Wait it out and continue to collect rent and become more experienced with what I have. 

Some concerns. With all the equity, I see it almost as a lot of rope to get in trouble with (in over my head). What would you guys suggest? 

I'm more interested in buying properties that are not very heavy on rehabs due to my current job and family life. I appreciate any insights in advance!