80k saved - purchased property - 40 left - What to do........

[Matthew Fuentes]

Hello Everyone / Here is the Gist:

- 80k saved with myself and my partner.

- Purchased 1st property - a 2 bedroom turnkey on Long Island (Mastic Beach NY) - house is raised and commands between 1600 and 1700 a month rent. 20% downpayment - taxes around 4500 yearly - OUR ROI is looking to be around 20% yearly (based off downpayment)

-We have 40 k left which can get us into another property, however where do we go from there?

-Our goals are to bring in around 8k a month with props.

-We were thinking (private equity, hard money lenders). But how to pay them back etc. etc.  ???

Any thoughts or suggestions would be appreciated!

Best,

Matt