With my current income we are able to save about 1k a month after all expenses, but i feel like saving more will speed up our real estate portfolio.  

I have 2 SFH rentals so far and looking to add to my portfolio.

This is commonly referred to as the BRRRR strategy.If you are looking to grow a portfolio to gain passive income to replace your current income this is a perfect strategy to use.  

All those in #Jacksonville, interested in their professionalism, come to the next free meeting Thursday Sept 27.They have a nice book available online at Amazon, discussing the hardships, Joe had a $500,000 portfolio wiped out from the Great Recession and there is detail in the book about the family and how they invest.

@Jason LintSome folks love having one payment and one set of closing costs (even though they will be inflated doing that many properties).I have done blanket/portfolio loans, but most times, people decide to do them as separate transactions. 

$200k in a self directed IRA...
Aiming for 10 cash flowIng properties by 2020
Is this possible????

Obviously, you don't need to answer these questions out loud...If you want to build your portfolio, then it does not make sense to pay off the loan on your existing property unless you can get the money back out for another property at a lower rate. 

That large of a portfolio will probably sit on the market for a while if they are trying to only get rid of it as a package.

In other words, $70K cash flow divided 15% (presumably a good ROI) equals a bit over $450K.The above information brings me to my question…Do I use the $50K I have in cash to buy a duplex (I’m looking at a $200K duplex now) and use the $6K monthly income from my business to build my real estate holdings over time or do I sell the business and start my rental portfolio with potentially $500K?

Your portfolio will thank you for it.Setbacks make people frustrated.