I've got one, How the heck do I buy the second property?

[Scott L.]

Forgive me is what I am asking is obvious or stupid. I followed what my mentor told me to do, to a T. I set up and LLC with my wife and my name on it. Got a commercial loan in the name of the LLC and purchased a property for 65K. Its a duplex that cash flows about $350-400 a month after all is said and done. I made some improvements new appliances new windows. Good tenants everyone seems happy.

Here's my problem question. I've got the itch to expand. I've owned the property for about 6 months and I don't want to wait forever to purchase my next one. Ideally I would find another Duplex similar area etc. What I need to know is how can I get it? I read all of these blog entries, and all of the podcasts about no and low money down ideas for obtaining property. But most or all of those are based on personal financing of the properties. Not properties that are purchased in an LLC. I created the LLC for a layer of protection for myself, as my mentor and lawyer recommended.

I am not a poor man, I have savings and personal cash.  But don't want to sink a lot of that into another property when I just spent probably about 18K in total on my first property.  I'm saving up on the side for new properties.  But everyone i hear on the podcast seems to have an unlimited supply of money for the downpayments, inspections, closing costs.  My assumption is that you need to be rich to get rich.  But i'm looking for some advice...