Rookie Investor trying to gather his footing..

[Raj K.]

Hey all!! Hope everyone's having  a great day!

I'm a rookie investor who recently (like one year ago) bought my first property and then my second. I moved into the first property and put up the second property for rent earning a net cashflow of approximately 200$ on the second property(both are condo units almost identical). Both are 15 year mortgages - also i took advantage of the "COVID mortgages" low rates and got some attractive rates for both of them.

I earn approximately $160,000 (pretax) annually & have approximately 270,000$ in savings still left after these two purchases and am curious about purchasing my third (and fourth etc) similar Condos (assuming an average market prices of 220k per property). 

The question is : Given my savings and the current mortgage rates and the so-called threat of recession  - how does me purchasing these additional properties look risk-wise? I'm not getting any interest in my savings naturally and I'm stock market averse. Would it thus make sense to embark on getting these additional properties or am I being too risky? 

[Craig Sloan]

@Raj K. if a deal makes sense long term, go for it.  I also agree with @Andrew Freed.  Why limit yourself to condos?