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What Should I Do Next?
I closed on our 4th rental property last Monday using money from refinances on other properties that appreciated quite a bit over the past couple of years. After the down payment, we're sort of back to square 1 on what we want to do next, we being my wife and I. I haven't had much experience with any BRRRR types of projects, which I'm definitely interested in, but I guess I'm just curious what some of your guys' next move would be if you were in my shoes.
For some context, all 4 places are cashflowing pretty well, I do have some reserves, around $25,000 currently. I invest in a market 2 and a half hours north of me and work with property managers to take care of basically everything on them. We clear around $1800 a month after all expenses on our current portfolio, which is pretty good, but obviously not enough for me to quit my 6-figure job.
So what's my next step?