Updated almost 6 years ago on . Most recent reply
Not Quite a Newbie Next Steps
Hello, my name is Kaleb and I would consider myself not quite a Newbie at this point in Real Estate investing. My real estate company currently owns two rental properties in Northwest Arkansas and has about $30k saved/to invest in future properties. We BRRRRed our first house, refinanced it purchased the second rental and have the $30k leftover. We have the first house rented and have a signed lease for the second with renters moving in in January. My company consists of myself, my wife and another business partner at this point. We run numbers on a regular basis on MLS listings and make approximately 2-6 offers on houses per month. My question is what is the most efficient use of my time for building up this business? Researching building sciences and how to renovate houses properly? Start a direct mail campaign? Educated myself on how to raise private capital for financing more houses more quickly? Etc? Basically I'm very interested in continuing to grow the business but I wanted to ask if there is an obvious next step on what to do? I would love to hear what some more seasoned investors would do in my shoes!
-Thanks,
Kaleb