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Updated about 9 years ago,

User Stats

4
Posts
2
Votes
Luke Harrington
  • Minneapolis, MN
2
Votes |
4
Posts

How to go from 2 rental to 5 rentals

Luke Harrington
  • Minneapolis, MN
Posted

First timer here

My question is where dose one go from here? The situation is I have my primary home and a nice rental home with great tenants and I’m going to buy a neighbor’s home near my primary home for fair price.( she need sell next year moving out of the county) Each rental should bring in 300$ profits that sound good right... but if I wanted and I do, buy another property I wont have the income to debt ratio to do that. So where can a person go from here if he want to keep managing and investing? 

I like to do the work and I don’t mind the people

Thank

Luke

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