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Updated almost 5 years ago,
Bought a Duplex, what steps do I take next to scale?
I am moving out of my house, a 3/2 (will rent it out), and will owner occupy the duplex I bought. I am excited about my real estate journey and want to scale quickly. I am putting all savings into closing on the duplex and will have to start saving money again after closing, but I should be living for free with the tenant in the other door of the duplex and renting my house. So, I am thinking I can save 10-20 percent to put down on the next property either through the bank or a hard money lender and start BRRRRing. I'd love to get something else or maybe 2 before the end of the year. I do have still have about 50k in student loans so I don't know if I should try to pay that off before I start BRRRRIng or just keep making my standard monthly payments for now? Am I on the right track? Any advice would be appreciated!