Updated over 11 years ago on . Most recent reply
Hello from Inland Empire
Hey BP! I've been reading posts and listening to podcasts for a while now and finally am getting around to saying hello to you all!
I've had a rental property in the past but sold that during the boom in the mid-2000's. I really regret selling and have wanted to get another property ever since. My current goal is to pick up 5 or so properties, preferably MFR, in the next 5 years. I have a very time-consuming day job so will be looking for minimal rehab or turnkey. I do have a team of trustworthy contractors I've worked with on my primary SFR, so am not too worried about rehab as long as it isn't extensive. I've been looking at 650K or less (with 25% down) in the Inland Empire area - Redlands, Rancho Cucamonga - but find very few deals that cash flow - seems like most are actually negative. I am reluctant to do my first deal out of state given what I have read on this site and the additional risks involved.
Anyway, looking forward to getting more involved on the site. And thanks again Josh for starting this great community!