What should my next purchase be

[Cole Martin]

I got into real estate in the past 6 months and just recently I bought a city house in Lancaster pa. It’s a row house and it was just redone and renovated well. I bought it for 226,000 and it will cashflow 200-250. I will soon be looking for another house. What type of house should I be looking for I could buy a similar house and it would cashflow well again or should I be looking for a house in the country that won’t cashflow that nice? Should I save up for a multi family?

[Nathan Gesner]

Quote from @Cole Martin:

I got into real estate in the past 6 months and just recently I bought a city house in Lancaster pa. It’s a row house and it was just redone and renovated well. I bought it for 226,000 and it will cashflow 200-250. I will soon be looking for another house. What type of house should I be looking for I could buy a similar house and it would cashflow well again or should I be looking for a house in the country that won’t cashflow that nice? Should I save up for a multi family?

Welcome to the BiggerPockets forums!

Why not continue doing what you are doing? Don't try fixing something that ain't broken!

#1 mistake of new Landlords? Not knowing how to manage what they've bought. Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO. Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them. It's updated every year and is the best $40 you'll spend as a Landlord. There is one book for 49 states and a separate book for California.