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Updated over 8 years ago on . Most recent reply

User Stats

67
Posts
35
Votes
Hernell D.
  • Rental Property Investor
  • Los Angeles, CA
35
Votes |
67
Posts

How to get from deal one to deal two

Hernell D.
  • Rental Property Investor
  • Los Angeles, CA
Posted
Hey guys! I'm going to be buying my first property, a triplex or fourplex, in the upcoming months and I want to make sure this deal doesn't stifle me in anyway and I'm able to make subsequent deals. A little background. I'm 25 make 50k and my property will cost around 350k and cash flow about $1000/month. My question is will debt to income ratio hinder me from making a subsequent property purchase. I want to buy another triplex in the following year. I want to make the correct first move in order to set up my real estate investment career. Any advice or suggestion would be greatly appreciated.

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