Updated over 3 years ago on . Most recent reply
Looking for guidance to build off of what i have started
Hello all, I am a 22 year old union electrician that has recently bought my first 4 family property in Massachusetts. I purchased it from my father after 8 months of being outbid in the area by above market cash buyers. He was generous enough to give me $130,000 in gifted equity. I am living in one of the units and the other 3 are being rented enabling me to be collecting more than the monthly mortgage payments and most importantly, I get to live for free. With that being said I am looking for advice on when I should be looking to purchase another property. I don’t want to push anything too fast but with the money that I have available I’d like to not delay the potential momentum to get the ball rolling into further property investments. TIA