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Updated 3 days ago, 11/23/2024
buying second property
Hi all, So I just bought my first investment property in PA in the Scranton area a few months ago! I just got my first renters and I am finally in full tilt! now that my first property is running smoothly I have been thinking of starting to look for my second one once my funds are in order. How long should I wait until I buy the second property? how long does it usually take? i used FHA for the first property so it may take me much longer to have enough money to buy the second since it wont be FHA but I don't want to wait several years. are there any other strategies to buy properties quicker or do I Simply just have to wait until I have enough cash? open to any suggestions or past experiences.