Buying 2 Investment Properies
I am new to Real Estate investing. I have been looking for about a year for income properties, and I happen to find 2 properties at the same time that I would like to buy. Should I take it easy since I am just starting out and only buy one of the properties, or should I go for it and buy both?
Buy as many properties as quickly as you can as long as they make good sense(cents). As properties (mortgages) show up on your credit report, the harder it is to qualify due to Debt to Income ratios. It's easier to buy two or three properties at one time than it is to wait and buy one each year or so. Just make sure that your investments are going to debt service or cash flow.