Starting Out For First Time
Hello,
I just joined the forum my name is Josh long time entrepreneur first time starting out so let me give you some background.
Me and my wife bought a house in Tampa, FL about 3 years ago 1,800 Sq ft 4 bed 3 bath for $105,000 monthly mortgage with taxes and insurance is $800.00 month. Market analysis has showed houses in my neighborhood are selling for $155,000.
A lot of investors have been buying up houses in my neighborhood since there building a hospital less than a mile from my house.
My goal is to modernize my house before the hospital opens and rent it out for around $1,500 month, but my question is after I do that what's the next step for getting another house and doing the same? Is it hard to get a second loan for a house? Am I going about this wrong?