@Pete M. We'd love to invest more here at home but the prices have gotten so high and the inventory so slim that we're thinking it makes sense to consider some more affordable markets where there's more inventory and rentals generate comparable cash flow. Our strategy is to BRRRR and acquire as many buy/hold rentals as we can. That said, we're open to flipping (probably locally) to generate more capital to invest in those rentals.
We've done well with our rental here and successfully flipped a few homes also. Flipping is fun, but at the moment my husband and I both work 50 hour/week jobs and are raising 2 young kids, so we don't have as much spare time to put in the sweat equity that we've done on our past flips. It'd be great if we could make that our full time job, but we have good salaries so it makes that leap a little nerve wracking. Right now we're seriously considering selling our rental since we have a fair bit of equity in it, and doing a 1031 exchange for 2 or 3 properties elsewhere. Thoughts?
