Five SFR's but struggling to scale up

[Brad Hunton]

I started my real estate investment journey in 2016 by buying my first SFR with a 401K loan. I currently own 5 SFR but I am wondering where to go from here.

Currently cash flowing around $1,200/month and want to scale up faster but I honestly don't know where to go from here. I work a W2 job making decent money and have just been saving up for each rental and making the 20% down payments with conventional financing.

It definitely gets easier with the additional rentals but still too slow for my goals.

I have set a goal for $10,000 per month in passive income but don't see that happening for many years much less than the 5 year time frame I set for myself.

How do I progress from my current position to where I want to be?

[Danielle Jackson]

Nice job building your portfolio. 

First thing I would consider is leveraging my equity (make your money work for you!) Have you considered taking cash out of your existing portfolio? What kind of equity positions are you in today? 

There are so many additional questions to be answered, especially with regard to cash flows by property (any worth getting rid of bc the cash flow doesn't make sense). $1200 with 5 doors seems like you might be able to find more profitable opportunities, including multi-family.

Do you self manage? Have you considered scaling by investing passively (syndications)? 

Those are just a few to start.