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Updated over 7 years ago,
Newbie from Wisconsin
Hi Folks! This is my first post. My wife and I recently bought our first rental property and are trying to figure what to do next. Our first property is only 2 months behind us but we are bouncing around the idea of making another deal.
Our first rental has positive cash flow and nets us about $200 a month. My question is do a lot of deals only bring in a couple hundred dollars a month. Is this how everyone starts. We fear buying another rental because of the possibility of stacking debt with such small income from each property.
Thanks for the feedback and I'm excited to learn here at BiggerPockets.