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Updated over 5 years ago on . Most recent reply
The best route for a newbie
I am a 34 year old male who is looking into earning $1,000 in passive income. I've been checking out homes in the Palmdale, CA market. I have a partner that would help me buy a rental property.
My question is: What is the best route for a new investor? Buying a SFR? A multi-family?
Rent out rooms or rent out the whole house?
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Jonathan Greene
#5 Starting Out Contributor
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- Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
Professional Services
Pro Member
#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
If you aren't going to live there, I think it'll be hard to find a downpayment of less than 20 percent. The best site, in my opinion, for checking rents without MLS access is Rentometer. Plug in the address and bed and bath and see what kinds of rents that would get.
- Jonathan Greene
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Zen and the Art of Real Estate Investing
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