Blueprint To Scale Single Family Housing

[Philip L.]

I've currently got 7 single family homes 3 are rent to own the others just normal rentals.
I started 3 years ago, I'm making slow progress, Ideally I want to be a business owner with a system that keeps me from working in the business.

I would like to follow a blueprint from someone who has scaled single family housing, a system with support so if I get stuck I can get answers quickly.

[Nathan Gesner]

Quote from @Philip L.:

Joe's the math guy, so he can give you hard number examples. If you crunch the numbers, you'll see a diminishing return on your investment. This is usually most visible around 7-10 years after purchase. My suggestion is that you evaluate the performance of each investment once a year. When the performance is lower than you would like, that's a good time to look at selling and investing the capital in a bigger property that produces a better return.

For example, you could sell a single-family with $100,000 equity and put that into a fourplex. Or sell two single-family homes and buy a 10-plex or a mobile home park or a storage facility.

Too many people buy a property and sit on it forever. That does build wealth, but you can accelerate growth by moving capital into bigger deals every now and then.