Suggestions for next investment after 1 purchase
Hi guys. I wanted to get your opinions on my next steps for an investment. I'm gonna put my business out here a bit so here it goes: we recently bought a 2 family. It makes us about 12k net income a year. We have about 100k left on a HELOC. A comfortable amount in savings. No debt except for 50k we used to purchase duplex. What do we do next?
1) focus solely on paying down 50k loan?
2) use 100k to buy a small SF? We don't have time to rehab. Somewhat turn-key SFs are over 100k around here. So we kinda can't afford it.
3) just sit and save for another property?
4) get another loan?
5) find a partner? I don't know any other investors but I'm trying to talk to people in the community.
Did I miss something!? Please let me know your thoughts!! I'm doing my homework in the meantime. I'm really enjoying investing/real estate so I'd like to keep the momentum going. Thanks!!