Advice on buying your SECOND property

[Chris Eden]

Hi All - I am happy to say I just invested in my first rental property. It's a house-hack. A duplex that will be owner-occupied for the foreseeable future. My big question now is, how do I get ready to buy that elusive 2nd property? I used my FHA loan for this on, so advice on financing options and generally how banks react to someone holding multiple mortgages would be helpful. I have done a lot of research on creative financing (and all things real estate) but just want to put it out there. Secondly, what should I do in the mean time? Focus on business logistics & processes? Setting up separate bank accounts? Create an LLC? This piece is really importatnt to me. Would love to hear from an experienced investor on that front!  I look forward to the discussion! 

Keywords: Buy and hold investing, duplex, multifamily, Northern Kentucky, Cincinnati