All Forum Posts by: Edith Romero

@Brett Goldsmith, thank you for your advice.

@Sanjeev Advani thank you! This was great I formation. I'll be reaching out soon. Thank you again

Thank you @Marc A. Thurston!

@Gene Hacker thank you for your advise.

Hello, I am planning on buying my very first home. I currently live in Los Angeles and I am looking to buy my first rental property.

I currently gross $85,000 a year but owe $56,000 on student loans. I've been aggressively paying my loans and was able to pay off $30,000 last year.

My monthly expenses are ~$2,000/month

My questions are:

(1) do I continue to aggressively pay off federal student loans, I currently stopped paying in case the new administration assists with loan forgiveness. And have been saving my money.

(2) do I save my money for a 20% down on a home probably by end of this year?

Since it's too expensive to buy in LA county I’ve been looking to buy in these areas

- San Bernandino

- Bakersfield

What would you advise? Also, seeking advice on locations where I can find more affordable properties that will cash flow.