Need help with my next real estate move

[Devyn Grillo]

Hi guys, I currently have 2 SFH's and my end goal is to make $10k/mo in cash flow.

I’d like some advice about how I could turn these houses with equity into more significant cash flow.

House A is a rental that has about $150k in equity and $250/mo cash flow.

House B is our current residence and has about $70k in equity.

I’m thinking of doing a 1031 and taking the $220k from both houses and using it as the down payment to buy a multi unit complex for around $1M.

Assuming the 2% rule, I would take my time to find a $1M out of state multifamily with gross rental revenue around $30k/mo. I assume from there the net cash flow would be around $10k/mo left over.

These are obviously rough numbers but just curious if you guys think this is feasible?

Thank you!!