Second property

[Cristina Alicea]

Hi everybody, I'm new to bigger pockets and real estate investing, so I still have a lot to learn. I also have a couple of questions that I haven't been able to find the answers to while researching so I thought I'd send it out to all of you for help. I just purchased my first Multifamily property (a duplex which is netting me about $1,400 per month) and want to buy another one asap. I have cash for 25% down. Is there a waiting period to getting a mortgage on my next purchase? Should I set up a separate LLC for each property I buy or is there a different approach you recommend? Are there any books you all recommend that I should read about investing in buy and hold real estate? Also, another larger question. I've read a bunch about people getting investors to front money on purchases, but usually the examples given are in regards to flipping properties. Do any of you get investors for a buy and hold? How is that typically structured? Do they get a portion of the monthly income or do you refinance after a few years and pay the debt plus interest to your investor? I'm not clear on how that relationship would work. Thanks for your insights!! Cristina