I’m sure a lot of you know the market is booming here and it has been difficult to decide which route I should take that would make financial sense and put me in a good spot to build my portfolio moving forward.Here are the current options I’m considering: • Option 1 House Hack: Purchase a multi-family, live in one and rent out the others.

We chose HELOC instead of refi because we didn't want the rates to change (we got the first property during those golden days of 3% interest).I just recommend making sure the HELOC payment makes sense from a numbers perspective—consider the interest as another "expense" when you're calculating cash flow.

Not necessary, but easy/cheap enough to do and helps me think of the business as more separate.

Just last night I was flipping through my business journal (my personal journal but I keep only business thoughts in it).

I’ve done a good amount of business there.

Contractor management is one of the most challenging parts of the business.

Even in my core markets like Berwyn, where we lease all the time, I still talk to have a dozen friends who own and rent out units to get their sense of where the market is when I am getting ready to list. 

If you're able to cash out and use for more investments can make sense.

Business does not mix and the outcome can be emotionally devastating.

I have a contractor business that specializes in drywall and repair.