Thread: How do I get to the Next Level?

Start with the END IN MIND.... What is the ULTIMATE PATH you are taking in REI? Many people in REI find that 'the next level' means get out of SFR.

Many people start with SFR, but soon find that there are much greater benefits in moving to larger projects. SFR, by default, has certain limitation. There is only so far you can take it. So.... consider switching to:

• Commercial NNN etc.
• Apartment Buildings
• Self Storage Facilities

You can combine - and therefore reduce - your expense. Economies of scale.

If that is something that is of interest to you - look into exchanging.

Here is a thread about that...

My question...........well one of them is do your current properties cash flow? Seems like the LTV (equity left) is high(low) which would point to low cash flow? Am I close?
Did you actually build your own home, or was it built for you by a GC? If you're capable of building (assuming the answer to last question) why not build rentals instead of buying? Building puts your LTV possibly much lower than buying or at least if you could keep costs down, pull out cash at refi. If thats not a valid way to go, why not step up to higher value/quality properties with greater cash flow?

Yes, you are right. Not good cash flow. I have pulled money out on 2 of the properties to buy other properties, fix properties, cover unpaid rent ect...The properties that I am looking into have great cashflow. These properties probally will not appreciate. But I need more cashflow properties.

Another clarification: do you own the properties? Or your LLC?

My husband and I own 6 of the properties. Our LLC owns one.