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Updated about 6 years ago,

User Stats

59
Posts
16
Votes
Joe B.
  • Real Estate Agent
  • Wilmington, NC
16
Votes |
59
Posts

Bought first property, now what ?

Joe B.
  • Real Estate Agent
  • Wilmington, NC
Posted
Hey all I bought my first property for $190k. PITI is $1200. It is a 3/2 single family home. I am renting out 2 rooms for $925 and I am living in the last room. I am also laying $600 towards principal. My question seems rather basic, but what’s next? Long term id like to do real estate investing and get my next property by 2021. Is it worth paying down principal ? Should I pay the minimum $1200 and save the remaining for my next property? How did you all get your second deal??

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