Looking for some feedback about my overall position with 2 properties

[Justin C.]

Hi BP,

Just looking for some encouragement or guidance with my investing situation.  I'm def over budget on my 2nd property.  Here is where my business currently stands:

Property #1 (ARV $55k): Owned outright at $32k invested currently renting at $675p/m with an NOI of $330p/m which is also my cashflow. COC 12%

Property #2 (ARV $80k+): Took a $55k loan in exchange for a lien on both properties at 8.5% interest. Bought Property #2 for $36k and currently have $5k worth of renovations on a 0% credit card till October 1st. I will most likely have $35k worth of renovations invested in this property by Aug 1st which is my market availability goal. This will rent for $900p/m with an NOI of $545. This should cashflow between $200-250 after the refi. $36k purchase + $35k renovations = $71k total invested

So simply 2 houses creating roughly $600p/m cashflow

$35k in business debt

$6k in cash but will be at $5k by August 1st due to holding costs on Property #2

I'm kinda sweatin it to be honest.  How am I doing?  Any suggestions on what I should be considering?

Thanks in advance