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Updated about 9 years ago on . Most recent reply

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214
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107
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Craig H.
  • Cincinnati, OH
107
Votes |
214
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Advice on acquiring property #2

Craig H.
  • Cincinnati, OH
Posted

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.   

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