In The Process of Buying First Investment Property In Need of Feedback

[Neddrick G.]

Hello All,

I'm new to the site but I normally come here to read the forums because there's great knowledge here. I'm in the process of buying my first real estate investment property in which I will be living there and renting the other 2 rooms to college students. I'm 25 so I don't think that would be much of a conflict. I'm projecting a positive cash flow of anywhere between $600 - $900 per month. I'm more so already thinking ahead after I've obtained this property, what's next? How long must I wait to obtain another investment property? My end goal is to have several pieces of property that i can have at least $5000+ cash flow a month from them. Could anyone share there experiences from start up until where they are now? Any success stories? Any obstacles? I would like to hear them! Thanks