How would you acquire your second property?

[Adam Eckhoff]

Good Afternoon,

Hypothetically speaking, let's assume I saved $60k to put down on a $300,000 quad-plex. How would I purchase my second property if I just used my savings ($60,000) to purchase the first rental property? 

Thanks,

Adam.

[Jonathan Greene]

I don't understand the question. Why are you buying a second property if you have no savings and with no savings, how did you think you can do it? What's the rush? Advice like add more leverage when you just took your first leap into investing is not good for your future investing journey. What you want to do is save money and make sure that your first property is running at top speed, meaning all cap ex has been taken care of and no expected issues are in sight. If you don't do that, you will get a second property, high leverage, and then still have work on the first one to do and blow them both.