Seeking advice on expanding

[Axel Scaggs]

Hi, I’m looking for advice from the professionals who have already achieved what I’m looking to accomplish. I would like to own 4-6 properties in the next three years. In this market, is it wise to invest in real estate right now?

Here’s a rundown of my current situation:

- Own an S-Corp (landscaping) generating 70k a year

- 160k in available cash funds

- Credit score around 720

- Zero debt

- Own one property valued at 365k, 30% equity

- Property is rented by the room generating $400 a month after mortgage and taxes

- Additional 590sqft house is being built in rear of property for 60k. This cost was already deducted, leaving available funds at the aforementioned 160k after the build. Should rent for $1000-1200. Undecided.

-I live in a modest apartment in the center of the Denton square

- Denton Tx is a college town and there are many renters, especially college students

My question is, if you were in my situation, what is the best first move here? Traditional mortgage, DSCR loan, brrr method? I’m wondering if the brrr method is even feasible in the current market? Anyway, I don’t know if this is a dumb question or too vague, but I’ve really enjoyed the Bigger Pockets website and all the info on here. Let me know if you guys have any suggestions!