How does one scale their business from 10M to 100M?

[Howard C]

Hi All,

I have done relatively well for myself and have build a portfolio of over $10M, mostly in the Brooklyn, Queens, and the Jersey City, NJ markets.  The issue that I'm having now is scaling the business from a $10M to say $100M.  How does one do it?  

Without partnering or doing JV how does one grow their business. My capital is always tied up and whenever I have any cash I just dump it into properties. Anybody going through this growing pain as well? If so, how have you handle it and how are you able to scale up?

The only thing I can think of is to obtain a line of credit with banks that will be able to cross collateralized the properties and offer a line of credit, does anybody know of a bank that would do it in the NYC/NJ areas?

[Michael Seeker]

@Howard C - how did you get to $10M in the first place?  That might be the best place to start.  If you don't have any capital and do not generate any from $10M in property, then you might be better off focusing on improving margins rather than expanding.