How soon is too soon to buy a second rental?

[Jordan R.]

Hey Community,

Last month I closed on my first investment property, a two unit house, with a cap rate of 9.2%.

I recently stumbled across a a single family with an attractive cap rate and cash on cash return (9.3% and 20% respectively). I have arranged financing in the event I want to pull the trigger (20% down). But I would need to sell few stocks to cover the down payment.

My question is ~ is it “too soon” to even be thinking about it? Am I rushing into things?

Thanks all for your perspective and input.