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Starting Out
HomeForumsStarting OutBuying First Rental Property in Clovis, CA
Brian Pham's profile image
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Brian Pham
  • from San Jose, CA
  • Member since Oct 10, 2022
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Brian Pham's profile image
Brian Pham's profile image
Brian Pham
  • from San Jose, CA
  • Member since Oct 10, 2022
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Brian Pham
  • San Jose, CA
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Starting Out

Buying First Rental Property in Clovis, CA

Brian Pham
  • San Jose, CA
Posted Oct 11 2022, 16:07

Hi everyone! 

I am living in San Jose, CA and looking into buying my first rental property in Clovis, CA. I found a new construction home by elev8ions that is selling for $389k and planning to put 30% down. The closing cost will be covered with the preferred lender. Would it make more sense to secure a larger down payment? 

Is there anything new I should consider? Just base off using a simple mortgage calculator, it shows that my cash flow will be positive based on the rent prices I am seeing in that neighborhood. 

Fresno, California
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