I Finally Did It, Now What?

[Brian Grant]

    This house took me about ten years to do mostly due to bad credit, a deal three years ago falling apart a week before closing, and analysis paralysis. Thanks to BiggerPockets I’ve got passed all that and finally purchased a 1 bed with loft and 1 bath. A few more painting touchups and the house will be ready to rent.

    Just doing this one investment and I am hooked. I loved every bit from finding it to now doing fix up work and getting it rented. I am a buy and hold investor with a goal of ten doors in the next 5 years but want more than that, ya know “Massive Action”, 10X By Grant Cardone. I am already thinking I should lower the bar though. After all how can obtain this goal with only ten thousand a year that I save up?

    Here’s where I need could really use some help. Now What, I don’t have enough to purchase a second home. Should I pay the house down with the ten thousand a year saving? I surely do not want to take as long to purchase another house as I did this one. Maybe I should sell for just under the apprised price and start over or save up to purchase the next one. Please let me know if I have for got any details below and I look forward to your advise. Thank You.

Details

Bought $98,000

25% down $24,500

owe $73,500

Appraised $120,00

Once rented

Per month $ 700

Saved for

Investment $10,000

Savings per

Year $10,000