Quote from @Patrick Osterling: Hey Gabe, we manage a growing portfolio of a dozen STRs across 4 markets in 3 states.

For auctions and sheriff sales, building relationships with local auctioneers and monitoring county websites can be great starting points — wishing you success in growing your portfolio!

@Eugene Brown how do you want to grow?

And extra credit cards could be hard to scale as you grow.

Denton's seen 5.2% growth, Kyle's a bit slower, and Buda's part of the growing Austin-Round Rock area.

A 1031 exchange is a great way to indefinitely defer the tax and use it to grow your RE portfolio, and build long term wealth.The most important factor in a 1031 exchange is that your qualified intermediary must be in place prior to the closing of the sale of your old property.

You can also have a high-yield savings account elsewhere, but a local bank relationship will really help you as you begin to grow.

As your Modified Adjusted Gross Income (MAGI) increases, the amount of rental losses you can offset against your ordinary income phases out.

Once you’ve got that down and want to keep growing, you can start looking at out-of-state investments if they align with your goals.Best of luck with whichever direction you decide to take!

I'm READY to learn, try, and grow!