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Updated 11 months ago on . Most recent reply

User Stats

12
Posts
2
Votes
Mark Goncalves
  • Fairfield, ct
2
Votes |
12
Posts

Buying a second rental property

Mark Goncalves
  • Fairfield, ct
Posted

I bought a two family house in August of 2021 which I'm house hacking and the second floor is being rented. After all  are paid all expenses are taking care of I pay about $500 a month to live here. I'm in the process of splitting the utilities in my first house but having issues getting electrical Parts but should be coming soon .should I wait for the utilities to be split in my first house before I buy my second property? I have about 100 Grand in equity in my first property and about 70k saved in cash.Any advice? 

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