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Some investors also use a business line of credit backed by their cash flow, which can help with future deals.If you’re planning to scale, maybe start stacking that cash for the next property or even park some in T-bills for short-term returns.

I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

If you plan to grow your portfolio, consider setting up separate LLCs for each property to shield them from liabilities tied to others, though this adds complexity and costs. 

I'm planning to turn it into a rental and was wondering if I should consider hiring a property manager for my first rental.

Right now, I wouldn't be doing anything with operator as it's $200 a monthHowever, very soon it will be coming to the $20 a month plan.

If you can answer these types of questions you will know what is important as you game plan for the next 10 years.

@Ramsey Doumani This is a great plan.

If you're planning to rehab properties for rental or flipping, a hard money lender might be the right fit.

If a landlord plans to hold the property for a while, we always recommend an annual lease, ending to align with the summer leading lesson, or staggered with their other leases depending on the situation.