Scaling with BRRR ?

[Jack S.]

Hey all I'm looking to scale the business as we currently have 14 single family homes . Where I live in the uk the whole duplex and triplex etc doesn't exist .

There is a couple of duplex's dotted around but they are the same Price as 2 single family homes and get the same rent

in terms of scaling I've seen bigger pockets podcasts explain you can't keep doing single family rentals , you need to move onto a quad plex etc. 

I'm currently BRRR strategy and it's slow for growth . We have the capital to buy another 8 single family homes but we are looking at other options to grow ?

[Jaron Walling]

@Jack S. You're in a great position and a lot of people would love to have this problem (my self included). Sometimes to scale and move 3 steps forward, you need to take 1 step back. 

Maybe it's time to sell a few SFR?? We're in the process to list and sell a property that would cash-flow as LTR. Our equity position and quality of the property makes no sense to rent. Maybe you have assets you could sell, combined with the capital you have, and 1031 exchange into a 5-10 unit apartment. This could boost your cash-flow and ease up PM stress (everything under one roof). You're either in love with single family or making the big jump. Tough to decide with these higher interest rates. An investor with 14 SFR isn't excited about another SFH... go fishing for something bigger (local broker) or keep crushing with the SFH on your own.

[Caleb Brown]

You seem to be doing well. If SF's are working out why not keep doing that? You can start adding MF's but don't stop with SF's. As time goes you could 1031(your SF) into larger properties. I would just weigh your options, connect with local brokers in the MF space and see what deals are going around. Then start looking to buy your first 4+ unit building. 

[Jack S.]

Thanks I appreciate that and yeah they're enough money for another 8-10 Single family homes . Just bought another one with big equity in it and I'm enjoying the process but I'm not sure if it's different where you guys are but the cash flow on a 4 unit doesn't make sense here compared to 4 SFH as they cost the same and cash flow less and equity doesn't seem to grow as much . For a change of scenery I was considering buy 3-4 higher end properties in the city and let the equity build up over the next 5years but scaling over here is abit of a challenge .

Always flipping 1-2 per year also which generates nicely and keeps me moving . 
how would you guys scale if you didn't buy more SFR and the numbers on triplex and above didn't make much sense ?

[Stefani Mokris]

I would keep purchasing SFHs since you seem to have found a lucrative niche in your area. Refinance every so many years and keep your portfolio growing.

But if you want to experiment with multifamilies, could you try "long distance" in a area where multifamilies numbers make sense?