Am I on a good path?

[Sterling Clifton]

I’m 23 years old and I have purchased 2 Brand New homes. 1 was built in 2019 and the other was built in 2020. My mortgage payment on each of them is around 1k a month but they are both renting for 1,800 a month. So I am profiting around $800 a month from each of those. The income seems great but I hear lots of talk about how it better to buy older homes and fix them up and then rent. I understand that gets more equity with the forced appreciation but I’m not too concerned about the equity as I don’t have any intention on selling. I am planning on getting my 3rd property soon as want to know if going the same route I have been is a good idea.

Let me know your thoughts

Thank you