analyzing a deal, first property, buying strategy.

[Brandon Morgan]

Hi all I am new to real estate and just bought my first property last year. It is a duplex near scranton PA. the Mortgage is about $2,400 and each tenant pays $1,550 monthly in rent so I make about $700 in cash flow monthly. It's a very old house but newly renovated so there has been some maintenance issues because of the cold and poor insulation. I was expecting some hiccups in the beginning so I'm not too upset.  overall though I am pretty happy with the deal. My current plan is to stabilize this rental and aim to buy one property a year. what do you guys think of this deal and strategy? I make about 100k a year from my W-2 so I have some wiggle room to experiment so I'm not rushing too fast just trying to get some experience and properties under my belt. open to any advice or past experiences.

[David Ojo]

Wow, $700 in cash flow on your first deal is amazing. congrats! Sounds like you've got a solid foundation and a smart approach by focusing on stabilizing this rental before scaling. Pacing yourself is key, especially as you get hands-on experience managing maintenance and tenant dynamics.

Since you have a strong W-2 income, you're in a great position to leverage creative financing options as you grow. Zero-percent business credit lines can be a great tool to fund renovations, repairs, and even serve as gap or bridge funding when working on a BRRRR deal. That way, you can preserve more of your capital while scaling efficiently. This strategy has worked well for me personally.

You're on the right track, keep refining your strategy, soaking in the experience, and scaling at a pace that aligns with your goals!