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Updated over 8 years ago,
Advice needed
Hello, I currently live with my parents, and I have two properties for rent. My cash flow is 1200 a month for both properties. I was wondering what to do to get a 3rd property going. I just closed on my second property 1 month ago. My first home was purchase in 2014 has 45% equity. How many years do I have to wait to purchase another home? Do you advice to pay off my first home ?Or build equity on the second home ? I have a low debt ratio and a 780 credit score, any advice ? Thank you