What's my next step and how to scale?

[Mario Morales]

I have 3 properties, I'd like to stay with multi-units but how do I scale?

1st property- Will cash out refi this year to payoff heloc & CC's, heloc will reset and will have access to capital again. Property will still cashflow. 

2nd Property- FHA, will leave alone, as interest rate is high, only 50k equity, relatively new. Will need to spend 40k to rehab one of the units in 2025, as it is a commercial unit and leased until then. Other 2 units are renting nicely.

3rd Property- Cash flowing nicely, about 180k in equity, will pull out money at some time, will need about 35k to rehab one unit, other 2 are renting nicely. 

With access again (once I refi) to my Heloc about 100K and equity of 180 K for property #3 minus 2 future rehabs stated above, it looks like I might have 200k. 

What would you do to keep scaling, should I keep looking for deals on my own with limited capital or partner up? 

[Greg Scott]

You are already on the path. Exponential growth seems to start slow but then all of a sudden skyrockets.

Take the magic penny example.  The magic penny doubles ever day.  Would you rather have $100,000 or have the magic penny for 30 days.

Here is what a magic penny does.

- After 1 day you have $0.02

- After 2 days you have $0.04

- After 10 days you have $10.24. At this point, I'm sure you are ready to give up and take the $100,000 or partner with someone who is also frustrated with their magic penny.

- After 15 days you have $327.68 which still seems a far cry from $100,000

- After 20 days you have $10,485.76 which is now getting interesting

- After 23 days you have $83,886.08 and are starting to see the light.

- After 30 days you have $10,737,418.24.  Still want the $100,000?  The hard part is carrying $10M in pennies to the bank, but I'm sure you could find a way.