2 Properties, now what

[Jonathan S.]

Hi All,

Scenario:

Duplex(owner occupant)- Purchased 160k, put 20k into it and current value is around 205k. Tenant covers mortgage.

SFH- Foreclosure purchase at 95k w 15% down. Mortgage is 1k and renting it out for 1650 after putting 20k in it. House acouple doors down sold for 165k.

Any advice on next steps to keep the train moving?

Thanks,

Jon

[Jonathan S.]

Sound advice for sure. I'd like to purchase two properties per year in an ideal world. Is it possible to pull out credit on current appraisal values? I agree w doing the owner/occupant route another time; perhaps a triplex though.