First Deal + Growth & Success Planing.
Greetings
I recently purchased my first duplex (House-hack, VA Loan, 3.25%) and want to ensure I set myself up for success. We currently don't need any of the profit generated from this property and we want to ensure stability and growth over the next few years. We can afford the mortgage/insurance etc. while the property is vacant.
Question: What should be the first priority with these funds to set my self up for success. Save up for repairs/mnx/vacancy/improvement ect? (how much?), Debt paydown to increase VA purchasing power for our next investment (currently have negative equity on the property)? Save up cash to put towards our next property? All of the above? I know all of these things will be necessary but how would you prioritize?