Hello from the SF Bay Area!

[Sagnik Lahiri]

Hi there!

I just joined BP and I'm so glad to find this resource. I wish I had found it a few months ago!

I just completed my 1st property. It has decent cash flow but I'm trying to find new capital to get started on the next one.

I'd love to hear any tips and general advice from you all. For those of you that have multiple properties, how did you go from your 1st property to the 2nd?

Thanks in advance!

[Sagnik Lahiri]

Vikram,

Actually in this case here the numbers:

90K acquisition - Paid cash
50K renovation - Used HELOC
Duplex - 2 houses 1 lot
House 1: 1100 per month 1bed/1ba
House 2: 1900 per month 4 bed/1ba
(rented room by room to college students)
Expenses monthly: Approximately $850 per month - including interest only payment of HELOC

Currently looking to refinance into a 30 yr fixed...

It's in the City of Oakland...which quite frankly is a GOLD MINE for the right type of investor.

Any feedback Steve?