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Okay i'm 25 and am stressing out. I got a great paying job, that I hate, my folks own it so thats another great plus. I've been doing it since I was 12 and am tired. I wanna make millions & quick (don't we all lol). I really have no drive or passion in life, which sucks. Now I know I can't come a millionaire in real estate in one year, or even 5, maybe 10 ?. But I wanna know what's the right smart steps to take to make money in the real estate game.
So here is a quick run down. 2 years ago I bought my first house. Been renting it out all this time, my newer tenants are paying the mortgage, actually they are paying extra.
I have enough saved up to put down for another house. So should I go a head and get another house, or take the money saved up and put it in my first house?, and wait till the mortgage is paid off, then sell it. Also where I live the market is bombing seems there is a new subdivision every year, and they are BIG.
Thanks guys.
So here is a quick run down. 2 years ago I bought my first house. Been renting it out all this time, my newer tenants are paying the mortgage, actually they are paying extra.
I have enough saved up to put down for another house. So should I go a head and get another house, or take the money saved up and put it in my first house?, and wait till the mortgage is paid off, then sell it. Also where I live the market is bombing seems there is a new subdivision every year, and they are BIG.
Thanks guys.