Is it worth waiting until we have more cash and purchase closer to Boston or do we move our endeavors north to get into real estate and scale up from there?

Hello BiggerPockers family , I'm a beginner investor, how do you scale from one property to multiple properties.

My wife and I prefer to scale slowly but with rock solid finances so that we can sleep at night.

A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.

I was seeking even better returns.I invest in and syndicate RV Resort Campgrounds and also Build to Rent multifamily communities.RV Campgrounds can deliver much higher cash on cash (12-15% average) and you don't deal with tenants since it is mostly transient, like a STR at a MF scale!

If you are looking to scale your portfolio, I am an agent finding investment property for clients throughout Brooklyn, Queens, and Long Island..

We are working on a “template” that we can use to scale up our locations.

In fact, allowing for more neighborhood scale housing in California’s communities actually curbs the market power of institutional investors.

A Pro membership gives you the tools and resources you need to start, scale or manage your portfolio.

A Pro membership gives you the tools and resources you need to start, scale or manage your portfolio.