Looking to Scale Small Portfolio

[Johanna Valencia]

I have one duplex and have been house hacking since I bought it, it's been 5 years plus I have this property and finally ready for a 2nd one, looking to see if I get another multi or a single family, any thoughts Side note I also need a bigger place since I have another child who now needs their own room.

[Austin Reid]

@Johanna Valencia If you're looking to scale the portfolio, I'd suggest getting into another multi, somewhere within a manageable distance as to make it easy for you to manage, but also find something in which you will be able to fit your family. It seems as if you have at least 2 children, id suggest looking at duplexes with 3 beds, or a larger home with an ADU (Attached dwelling unit) that you can rent to alleviate the mortgage payments.

If you go for a single family home, you are relying on debt / income solely for that new mortgage, however if you go with another multi, you can use some of that rental income to qualify for a larger mortgage, and ultimately a larger property.

I'd be happy to chat, I am a local realtor in Fairfield County.