General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago,
Next step
I live in MI & I'm looking to accumulate a dozen or so rental properties however being new to the industry I'm seeking advice as to how to do it successfully. I outright own one single family standalone home that I'm currently renting for 800, it's valued between 70-80k. I just invested in another single family home that I'm currently living in. I have a conventional mortgage on the current property owing 32k, however I want a multi family next how should I go about obtaining another property without having to wait to pay off this current property? I have a full time job earning 2k a month from that as well. Please help.