Funding Deals & Conserving Cash

[Cyreah Steele]

Hello all, My partner and I currently have one rental property In our portfolIo. We bought it for 25k with 20% down in mid September, Fixed it up for 1k and rented it out by mid October. (the seller paid for several repairs prior to us purchasing) It is currently rented at $610 a month and total operatIng costs come to about $291 a month. We are in contract with a second property for $26,200 with a 2k closing credit. As you can imagine we are excited and can’t wait to continue doing rentals just like these. At this point we have several prospective houses in mind that would allow a similar ROI but we are trying our best to preserve our personal capital. Any tips or suggestions would be greatly appreciated to help us move forward in our Real Estate investing career. It’s Time to get creatIve! Thank you!