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Updated about 9 years ago on . Most recent reply
Advice on acquiring property #2
Looking for advice on how to acquire property number #2. I'm sure most newer investors get property 1, get that going, and say okay now what. Hopefully there is some tips out there on how to move forward and obtain property #2 given my current situation. My first property is a 5 unit in Cincinnati, OH. I live in 1 unit and rent the others. Winter month's cash flow is just under $700/month. I anticipate $800, maybe just over that, in warmer months. In my full-time job I am 100% commission and right now it is going well, but you never know when that will slow down/come to a halt. Given the full-time job income situation and the cash flow from the first property how would you move forward in acquiring property number 2 if you were in my shoes? Any advice/tips is greatly appreciated.