Advice for getting back into Real Estate Investing

[Pete Johnson]

Hello everyone,  this is my first post as a newbie on BPs.  I would love to get some advice.  I am 57 years young and getting back into real estate investing, I was a Realtor of 8 years but let my license lapse(going to get it back).  I currently own a duplex and a fourplex(neither is paid off).  I am looking to go full time, my current situation is that I do need to get cash flow as soon as I can and was hoping to get advice from the BP community on which strategy I should focus on.  The hardest step to take is the first one, just want to put my best foot forward in the right direction and get focused.  I appreciate any and all advice.   Thank you

[Jonathan Greene]

First thing to do is assess your duplex and four-plex and ask yourself if they are cash flowing at max capacity. Why or why not? Is there anything you can do to upgrade your tenants and buildings so you know they are maxing out as you look to go into more doors. My worry would be that you are looking to get back into REI for the cash flow which can lead to bad (quick) decisions to get going quicker. Are you transitioning out of another job and into real estate agent and investing as the main income?