Bought my first property
Hey BP,
I bought my first non-rental property; which the wife (future teacher) and I (current teacher) call home. It's a brand new condo in a brand new development next to a brand new elementary school. We had to FHA the bad boy since my wife is still in college. 3 bed/2 bath. I live in Hawaii and bought the condo for 250k; my complex is still being build (3/4 complete) and the same condo I bought for 250k is now going for 285k.
If my goal is to become financially stable through investment properties and have my day job be "bonus" money. I got 2 question...
1. What would you do next (in terms of acquiring rental properties) and how would you go about getting there?
2. Knowing my goal, should my next step even be thinking about rental properties?