What should be my next move
This is my first post on here. I'm looking for guidance on how to get started investing in real estate. So here's where I'm at currently. I own a home in Texas that's worth about $125-130k. It was a foreclosure I bought in 2014 for $87,000. I put 20% down and completely remodeled the kitchen, bath, and got it looking like a home again. I lived there until the end of 2016 when I moved to Spokane, WA. I owe about $62,000 on my home in Texas and rent it out for $1,000 a month. The mortgage is $585 per month so I've got a cash flow of $415 per month, but right now most of that is going toward paying off some things that I had to get fixed. It's got a brand new furnace, central a/c, range, and water heater. I have a little over $20,000 in savings right now and I'm interested in buying house in Spokane. The market seems to be on the rise here and I see a lot of potential. I'm looking for something that needs updating, but could really be worth a lot of money once it gets fixed up. The market is really hot in this area right now so people are wanting top dollar even for their fixer uppers. I know there's money to made in this area though whether that's from flipping, wholesaling, or rentals. In my current situation I only feel comfortable spending less than $150k on a home. What would be your next move if you were in my situation?