When can I buy again?

[Devin La Croix]

Hello, I’m a relatively new investor, I recently bought a duplex last February 2024, I live in one unit and rent the other. If I were to rent both sides I would come up ahead $250 after all expenses. I’m currently working towards another rental property (duplex or larger) but I know I still need funds. The next property will be another owner occupied. I’ve saved enough for a down payment, but I’ll be left with only a little bit for emergency funds. I’ll basically be counting on my tenants to pay on time everytime. Im not sure if that’s the way to go. When is it a smart time to reinvest? How much should I have for an emergency fund for each property?