Currently have 3 (almost fully paid off) cash-flowing investment properties worth about 1.2-1.3 million combined. Just bought another 500k condo using personal money and Islamic mortgage, but feel stuck on how to scale / grow my portfolio from here. Anyone been in a similar position / have any advice they can help give? Jzk in advance!

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Nowhere near your position mashaAllah but maybe you can use your income to hire a team that identifies more and more investment properties for you and another team that manages them all

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We need more of this in our community. I’m assuming you purchased these pre-covid, so that was a really good move. Unfortunately, with the cost of capital so high these days, RE has become a tough investment. Regardless, you should share your story with others, so people in the community can benefit. May Allah give you more success. Ameen!

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Ameen!

Actually can YOU give any advice or suggestions to help? Currently struggling with budgeting 😭

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Age and risk tolerance?

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25, low risk tolerance

Mashallah!!! I love this for you and it’s something that I want to work on for myself. I’ve learned a lot about real estate investing and also taken a few courses so I’m happy to recommend resources, people to follow, and lend a coaching ear. You also have a lot to share from your experience!! From what I see, it’s going to depend on what you’re interested in doing… do you want to keep growing your doors. Do you want to do flips. Do you want to go into commercial RE. Do you want to go out of your current market. Do you want to do bigger deals (syndicate etc.).

Thanks for this - we should definitely connect and talk further. For now the focus is growing longer-term rentals. CRE and fix and flips are the next step

Which Islamic mortgage did you take your loan from?

Guidance

mA! Once your properties are paid off, can you leverage those to buy more? Guidance might have a program. Expand your market too. Which market are you in right now? Also, are these single family homes or multi-family?

Yeah was thinking about using Guidances HELOC but I’m trying to understand how much to leverage. Townhouses for now, all in NJ

Real estate in general is harder to scale. Everything i is deal based. Focus on multi families and look at a different market. NJ is expensive, for the same money you could probably be doing multiple properties elsewhere. I'm not a fan of guidance based mortgages for investments so cant even take advantage of my own advice.

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