Hey, Jonathan,
My goal is to invest in multi-family units full time. In the future, I would like to move out of Philadelphia into one of its suburbs to raise a family.
I view the house I am currently living in as a start. If I do get to the point where I have multi-family properties and a family home, it would make the most sense for me to sell this property so I can narrow my focus into strictly managing and acquiring bigger deals.
However, I am trying to figure out what I can do now to start the process, and how I can achieve my goals within a reasonable time frame.
Like you said, would it be the best choice just to lower the payments on my current home so that renting it out would be more lucrative? Or, should I put more effort into getting a cash flowing deal now?
Right now, it seems to me that cashing out to get a deal makes the most sense…but I’m apprehensive because I don’t want to have a misstep now that will make it difficult to get a home in the suburbs later on.
