All Forum Posts by: Nate Brown

@Bjorn Ahlblad Thank you so much for the encouragement, I truly do appreciate your kind words. I often wonder if I'm making the right decisions or not because I've been solo from the beginning and have only myself to look to. You make a very wise point, I need to make sure I have a strong enough cash reserve just in case i find a great deal, or an unexpected expense comes my way. Thank you again, and you are so right, it takes longer to build a portfolio when buying cash, but it has magnificent benefits when you buy houses outright. 

Hey biggerpocket community! This is my 1st post but I've followed this forum for quite awhile. I'm 25, I own 3 properties and bought them in cash. I'm currently in the middle of closing on another property ( financing for 100k), but this one will be a house for myself and I will rent out the property I'm living in now. A break down of my properties

Property 1. Bought in 2018 for 40k cash, 2bd 1ba, C class area, renting at $835 a month. Has appreciated modestly since purchase.

Property 2. Bought in 2019 for 37k cash, 2bd 1 ba, C class area, needed small repairs, I moved in and fixed everything, its move in ready..as soon as i move out lol it will net $700-$750 a month

Property 3. Bought in September 2019 for 25k cash, 2bd 1ba, C class area, currently under renovation, should be completed within 3 wks, will net $700-$750 a month when ready.

  I really wanted a small piece of advice, I have roughly 90k in liquid left, I found a property for 45k, tenants already in place paying $800 a month ( its a 3bd so theres plenty of room to increase that after expiration of lease.) Should I buy it? I'm going to also be plunking down 33k on the house I have under contract which would render my liquid under 20k. Or should I wait a year or 2 before buying another investment property?? All of my properties are in Newport, KY