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Updated almost 2 years ago on . Most recent reply

User Stats

44
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18
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Jonathan Cisneros
  • Inland Empire CA
18
Votes |
44
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One rental Triplex!!

Jonathan Cisneros
  • Inland Empire CA
Posted

I have been blessed and acquired my first rental in Los Angeles CA. It's Triplex, cash flowing $600 a month. I have around $15,000 cash saved. Should I look for my next Real Estate Flip, Or my next rental? 

If so, for either option. How would I with such small amount in cash saved? Will a HM Lender even lend to me right now? How would I cover monthly mortgage while rehabbing the property? Will HM lender cover 100% of construction? Will they cover upfront or by drops, for the construction cost?

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