Next step

[Denise Fisher]

Good morning BP! So I have closed and have renters in my first two properties only to find myself at an impasse. My magic number is 15 doors to replace my full time income and also as a retirement strategy for passive income. I'm an older investor and so time is not on my side. My neighborhood is the Bristol, Tennessee and tri-cities area. Deals are not hard to find although I am being very conservative about numbers as I need the best ROI possible. So far I have done this completely on my own - well not completely- as I have a great realtor who has been an amazing resource and pointed me to many of his connections and given feedback about property value. However all my money and my name alone on the financing. My question for other investors relates to cash on hand and partnering. I have used my savings for this first deal. I still have a small reserve for emergencies, but not enough for down payment on a 70k deal. I'm not sure if I want to try a flip due to the time needed to oversee and being full time employed. Do I find a flip, partner on a rental, wait and save? I know this property will be gone before I can save the cash on hand needed, but there will be other deals.