Thank you for the replies!
Steven, the private lending idea is interesting but I'm more looking for ways to expand my real estate portfolio vs just make money. Unless I'm not understanding what private lending is all about, it doesn't sound like something I'd be very interested in.
Bill, I am ready for expenditures. All of my cash flow goes into a real estate business account that doesn't get touched by me. The mortgages, any expenses, and downpayments for new properties come out of this account. Maintaining home warranties on all of the properties helps as well... AC goes out... $60 fee and it's replaced.. It has really come in handy.
I do not rely on the cash flow for living expenses as I am active duty military so I have a very secure income for at least the next 15 years.
It's hard to nail down a specific goal when I don't know everything that is possible. Generally, I'd like to continue to expand my portfolio and increase my monthly cashflow to infinity if it's possible and am looking for the best way to do that.
So far I have stuck with the conventional financing (30 year) of non-commercial properties and have been able to slowly expand by buying roughly 1 property per year... I've read blogs and watched YouTube and of course have seen Grant Cardone go on and on about commercial apartment complexes being the end-all-be-all so it got me thinking that I was doing something wrong.. If not wrong, then at least not efficient or the most effective.
With that said, any additional input/dialogue is appreciated
Cheers