Buy another property or wait

[Angela Costa]

I obtained 5 properties (new investor/landlord) in 2020. Only one of the properties I’ve had a year. Houses going over asking by 5-25 k realtor says. I’m a high w-2 wage earner with 740+ credit score. Been using financing. Lender says I could do 15% down at 4.25%. So rates are going up and houses are going for more than even last year. Good renal market. Property manager says limited inventory. So rents are favorable. Wait or get more properties? I admit transitioning from w-2 and less hours is ideal. I’d like to do real estate more. It’s out of state, but a familiar market to me. Thanks!