Hello,I am a real estate investor located to Southeast MA, I own and manage a small portfolio of 23 units and am looking to expand and scale out of state as the returns and market have been quite difficult in my area: due to CAP Rates, specific building class I am looking to invest in, and rising interest rates/minimal inventory, as well as it would be nicer to be diversified and in a more landlord friendly state.  

Sounds like you put in a ton of work to maximize the value, and that basement addition was a smart move.I noticed you mentioned the NYC luxury tax and some of the rental pricing challenges—have you considered expanding your portfolio in markets where you don’t have to deal with those kinds of headaches?

Las Vegas attracts investors from all over the world for good reason so I think you are on the right track starting here before expanding.

You’re asking the right questions, and it’s great to see you thinking strategically.My Take on Your SituationSince you already own a rental and want to expand your portfolio, your main decision points are:1.How to pull equity to fund your next deal2.Whether to transfer your current rental into an LLC3.How to position yourself for long-term growthHere’s how I’d approach it:HELOC vs.

I would like to get connected with more private lenders in different target area preferably Huston Texas Expanding your network in Houston sounds like a great move.

If you look in another location I would stick to the 2 you are already investing in and expand your footprint.

Not a tourist destination, but very popular and is experiencing rapid growth.

This might be easier to expand with more duplexes in years to come verses option 1.Option 3: There are cheaper duplexes in Akron, OH that might range from 150k.

I wish you success as you expand your business also.

It's a great way to expand your real estate business if you can find individuals willing to co-sign.