Was talking to an investor buddy and he said he was looking at purchasing another home. I’m strongly considering since I have about 75% left on my primary home after being here about 3 years so I have about 50k in equity.
I guess the question is how do I know I’m in a good spot to investment in another property? Is this a buyers or sellers market? What did ya do or wish you did when buying the second property?
I will be renting out the first house and then buying the second if that helps align things clearly
Any one buying a second property soon?
byu/Few-Dance-855 inrealestateinvesting
Posted by Few-Dance-855
2 Comments
Show us that the current house would be cash flow positive after becoming a rental.
How would you housing costs change (increase or decrease & by how much) after buying a new house?
I just bought six acres of land in Connecticut I think I’m going to build a mobile home park.