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Elwyn D.
  • Investor
  • Orlando, FL
3
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9
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Buy and Hold in SODO but need ideas on how to use equity to grow.

Elwyn D.
  • Investor
  • Orlando, FL
Posted Apr 23 2016, 08:21

Hello All. I'm new to Bigger Pockets. My wife and I bought 3 properties in the 32806 from late 2012 through late 2013. All 3 are rented at $1325.00 to $1400.00. They are all paid for; we received an inheritance and invested it into the recovering market. After enjoying the cash flow income and learning how to be a landlord, we are looking at how to use these opportunities to create a larger business of buying and holding while keeping cash flow positive. Goal is to grow this to replace 9 to 5 income over the next 5 to 10 years. Given our equity and experience, what strategies, in general would any of the BP members in Orlando recommend that we begin to look into, study and act upon? 

We are open to multi-family as well as single family. We are also not opposed to tear down/rebuild/sell/re-invest since one property is 1 block off of Orange at SODO...infill developers are getting >$240/sq ft. two blocks further from SODO. Thanks for any help!

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