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Updated over 2 years ago on . Most recent reply
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New Investor, am I building too fast
Hello Everyone,
My name is Sarah, I purchased my first property this July in Onslow county, North Carolina. I have an itch to keep going but I hesitate wondering if I’m moving too fast. I had savings to put a large down payment down on my first one and for my second one I still have some savings to use and can also use equity from my first house. Although I have income, a big fear is getting too many loans, (the crazy thought of loosing my job, can’t get tenants) and then can’t make all my payments. I could use some encouraging words or realistic grounding.
thank you in advance!
Most Popular Reply
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There’s nothing wrong with scaling . Before you do make sure that each property is cashflowing before moving on to the next project . Also have reserves for each property as well