Building a long term buy and hold strategy

[Jake Smith]

Hello BP,

Im looking for ideas and input on building my long term buy and hold strategy, 

My goal is 500,000 per year net cashflow in ten - fifteen years through long term buy and hold rentals with a medium risk tolerance.

I just turned thirty so time is on my side.

I currently have six doors, total net cashflow with the six doors is 3000 per month. 

If it helps, my total net income per year is about 120,000.

I have 175,000 dollars liquid that Im trying to decide what to do with, my long term goal is getting out of SFH and into multifamily properties to scale faster.

I love the day to day of the real estate business so I don't want to give it to a syndicator or be a hard money lender.

What would be the most efficient use of the 175,000 to get to my goal?

Would you use 125,000 of it as down-payments on five-six single family homes to immediately increase monthly cashflow, or would you hold it and wait until you had 250-300k to invest into multifamily properties? 

Ive looked into other "what would you do with..." posts and haven't seen this specific question asked.

I really appreciate all feedback and ideas, thank you in advance.

[Nate Sanow]

I wouldn't use any of it as a down payment if I can manage to find a HML with 100% LTC options in your area (I have in mine) and I'd go brrrr all day to reach that goal, keeping the 125 as reserves/ rehab money. I'd also expedite by finding 30 year lenders who don't need seasoning for refi.

[Joe Villeneuve]

How much equity do you have currently

[Jake Smith]

Quote from @Joe Villeneuve:

How much equity do you have currently

 Good evening Joe,

I have about 130,000 in equity.

Ive used my VA loan on two of the properties where I didn't put anything down.

[Joe Villeneuve]

Quote from @Jake Smith:

Quote from @Joe Villeneuve:

How much equity do you have currently

 Good evening Joe,

I have about 130,000 in equity.

Ive used my VA loan on two of the properties where I didn't put anything down.

I'm sorry.  I also needed to know what the property values are on your properties, along with the equity on each.

[Jake Smith]

Quote from @Joe Villeneuve:

Quote from @Jake Smith:

Quote from @Joe Villeneuve:

How much equity do you have currently

 Good evening Joe,

I have about 130,000 in equity.

Ive used my VA loan on two of the properties where I didn't put anything down.

I'm sorry.  I also needed to know what the property values are on your properties, along with the equity on each.

Property 1, 150,000 ARV 40,000 Equity, Purchased two years ago using VA loan

Property 2, 281,000 ARV, 5,000 Equity, Just purchased using my VA loan

Property 3, 110,000 ARV 30,000 Equity

Property 4 190,000 ARV 30,000 Equity

Property 5 140,000 ARV 40,000 Equity. (Purchased last year with cash for 30,000. Rehab will begin next month. Ill be all in for 60,000. I plan to do a cash out refinance and pull out 100,000.)

Property 6, 190,000 ARV 60,000 Equity. (Just finished the rehab, everything is brand new except for original framing) on the fence about selling or BRRRR, will rent out for 1700-1800 a month with 1100 a month in PITI.

Total Value 1,061,000

Total Equity: 205,000

[Dylan Thomas]

@Jake Smith Hey Jake! I am just now coming across your thread. Any update? I was curious to see if you had jumped into anything yet? I would love to speak with you as I have a few ideas