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Updated over 5 years ago,
Just starting out in real estate investing
Just started on the investing path. Bought a new home about 3 months ago and am renting out my old home and getting about $600 cash flow when its all said and done with mortgage, taxes, and maintenance taken out. My wife is a teacher and I’m a pastor. We have 2 young kids and we would love to have her go part time in the next 5 years and want rentals to be the solution for that. We are going to be living off of one income and put the other income towards the next rental? After one year of saving we should be ready for our next property, probably a single family. I don’t have a lot of extra time right now. Any suggestions on how to speed up the process without killing myself and neglecting my family? Just trying to start off right. Am I on the right track?