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Colby Sykes
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Next step to take for investment portfolio

Colby Sykes
Posted Apr 5 2024, 09:32

First time poster! I currently live in California but I own 3 single family homes and a 6 plex all in Maryland …all of these were purchased between 1-4 years ago. All are cash flowing, and I have done an accelerated depreciation on all of 4 properties. I am wondering what should be my next step…

1. Do I take money out of my homes equities and buy more rental properties that way and just bite the bullet on the cost of a HELOC interest rate.

2. Wait another couple years until I have fully used up my accelerated depreciation (5 year total) and buy 2-3 properties per rental sold?

3. Keep all the units I currently own and just save up for each additional unit like I have done to build up what I currently own?


thanks !

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