How to go from 2 rental to 5 rentals

[Luke Harrington]

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

[Joshua D.]

@Luke Harrington

Not sure why your name is spelled wrong... 

I would make sure that you are getting only Amazing deals when you buy them at this stage of your investment. You say you are getting $300 in cash flow. what does that mean? $300 after paying the mortgage? $300 after 50% rule and mortgage? 

As far as getting more properties, I would encourage you to look at the BRRRR plan. If you are refinancing out all your money, you will have it for the next deal. If the debt to income is off then you could consider taking on a partner, or creating a business and looking at commercial or portfolio loans. don't let it stop you.