1st investment done, what's the next step?

[Yvonne H.]

Hello, I am new to property investment and to this forum. I have done my first investment in a single family property in the Pasadena area, tenants are in, and things are going fine. I'm looking to take the next step and make a second investment in the LA area. I wanted to get anyone's thoughts on the next step. How will I know that I'm ready to make a second investment? How much cash flow would need to be saved? I'm wondering if I'm ready to look for a duplex or fourplex or just keep with another single family property for now. Any advice on taking the next step would be wonderful!