Bought my first property for myself, how do i continue to the next?

[Curtis Cecil]

So I purchased my first property for myself back in December and I'm no longer renting. I want to purchase another property around the Fall time and should have about $12k in cash.

To buy another place it would take 20% and if the house I'm targeting is 100k then I would need another 8k + repair before I can rent it out.

Any suggestions? As what I should do to get more cash?

[Account Closed]

This is a common situation for buy and hold investors.

There are ways to build additional cash for investments though.
1) If you have insurance you might be able to borrow from your insurance policy.
2) You might be able to squeeze additional funds from your budget.
3) You may be able to find private investors to for your deposit funds.
4) You might be able to make money from side jobs.
5) It might work to find partners

Every situation is different. Often though if you really want to make something happen you can find a way.