Growing portfolio using equity in an out-of-state condo and SFH
Hello-I am new to BP-currently live in Louisville, KY- learning a great deal- have a condo in Co and a SFH in Texas both rented out- but with minimal cash flow (break even)-I bought around 2006 with no money down and have held since then-currently has estimated equity at least 150,000 each-I have managed out of state with excellent property managers-don't really see cash flow improving soon- I am busy professional so ideally looking at growing portfolio without having to eat into my job as surgeon- syndications would be ideal but seems like cannot use 1031 for that or is terribly complicated? other options is continue to hold, 1031 into a 4 plex or other multifamily managed by property manager (PM) , into other PM managed SFH's -my long term goal is to keep investing in real estate toward building wealth/retirement portfolio preferably using passive/PM or syndicate managed investments due to time constraints- I would rather not sit on current equity as seems to be sellers market in the cities-appreciate any thoughts on best strategy moving forward or any opportunities I should look into and also potential investment partners-who would have more time to manage