Need real estate advice

[Joseph Savant]

My current situation:

2019- I bought my primary home VA loan

2021- I retired from the army.

Dec 2021- i bought my first rental home and currently rent it out to my mother and father.

I have a full time job and almost $25,000 saved up to invest in my next property. 

Everyone knows how the market has been but i need some advice from someone with experience on what you would do in my situation. 

I am not sure if i should just keep saving and wait, or find something on the lowest end i can find or find something on the higher end. My dream is to own an apartment building but I am open to starting with single family homes. 

I am open to any and all advice. thank you all. 

[Mitch Miller]

@Joseph Savant I would just echo the replies you have received.  I would follow your plan and your investment goals.  If your goals right now are single family homes I would continue down that path.  I love the quote you marry the price but only date the rate.  I would not worry about rates as one of two things will happen.  Rates continue to go up and you got the best rate you will ever get OR rates fall and your refi. 

It sounds like you are into long term rentals. If you are worried about values, I would say that should take a back seat to the rest of your metrics.   I would just focus cashflow or the 1% rule or what ever metric you use, are more important than speculating on the value of properties in the next few years.

With inflation continuing I cant think of a better spot for my cash than in leveraged real estate that produces income.  

Just my two cents.

Best,