one house down, now what?

[Kirill Chervets]

Hello Everyone!

My name is Kirill and I am from the beautiful state of Washington. I would like to share some basics about myself and what I would like to accomplish in hopes of getting an idea or direction I should go.

-I am graduating with my B.A. after summer semester.
-23 years old
-Currently gross about 70K
-I would like to build up a portfolio of real estate units and cash flow as well as appreciate

Right now I own a town-home that I purchased FHA last year for 110k, I owe 97k and it was assessed at 167k. My mortgage with P&I, taxes, HOA equal out to $1050. The rental rate on my place is $1350 which I based off of what my agent said and comps in the complex.

I just got a pre approved conventional loan at 97% LTV with a rate of 4% for 250,000. It will be owner occupied as I will be renting my townhome.

I think I would like to buy a SFH and live there with my girlfriend and save up for a third purchase. My goal is to have about 12-15 properties by the time I am 35. Does this all line up and should I do something different with the opportunity I have?

The main question I have for you pro's is what would you do in my position... I think I made a good decision with my first purchase ans would like to continue making good deals. I have read countless hours of posts on here and am excited to join this community.

-Kirill