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Updated about 9 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Austin Bathel
  • Investor
  • Camino, CA
1
Votes |
8
Posts

Beginner invested from North-Eastern California

Austin Bathel
  • Investor
  • Camino, CA
Posted

hey there guys, first post here. I am a beginner investor. Purchased my first home in Camino, CA. This was just a little over a year now. I started renting it out a few months ago. Just to give you an idea of numbers, my mortgage, insurance, property tax, and monthly expenses adds up to $839.01/month. I currently collect $1200/month on rent. I feel like it's pretty good cash flow on the property, considering I bought it from a non profit that did a fix and flip on it. I am currently in Escrow on my second home, also in Camino. I am using FHA financing on this one, so I will be living in it for a year, then renting it out, I project I will turn about $350+/month on this one once it's rented out. The only way for me to buy and rent houses right now is to finance them and live in them for a year since I don't have 20% down. I am only 21 so I feel I have a decent start on the whole process. Does anyone have any advice for me? I have been peeking around on the forums for a little while now just learning a little here and there.

Thanks,

Austin B

Most Popular Reply

User Stats

610
Posts
334
Votes
Dylan Vargas
  • Rental Property Investor
  • Chico, CA
334
Votes |
610
Posts
Dylan Vargas
  • Rental Property Investor
  • Chico, CA
Replied

@Austin Bathel. Welcome! You are killing it! Keep at it. I love Camino and Pollock Pines area. Beautiful. You are on a great path at a very young age. Congrats.

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