80k saved - purchased property - 40 left - What to do........

[Matthew Fuentes]

Hello Everyone / Here is the Gist:

- 80k saved with myself and my partner.

- Purchased 1st property - a 2 bedroom turnkey on Long Island (Mastic Beach NY) - house is raised and commands between 1600 and 1700 a month rent. 20% downpayment - taxes around 4500 yearly - OUR ROI is looking to be around 20% yearly (based off downpayment)

-We have 40 k left which can get us into another property, however where do we go from there?

-Our goals are to bring in around 8k a month with props.

-We were thinking (private equity, hard money lenders). But how to pay them back etc. etc.  ???

Any thoughts or suggestions would be appreciated!

Best,

Matt

[Aaron K.]

Hard money lenders are just high interest loans, most of the time they don't work well for buy and hold properties.  Once you get into private equity you lose "shares" of your company and start to face a lot more paperwork and regulations.