All Forum Posts by: Joshua Bush

Are Zillow or Realtor.com good places to find that information?

Hello All,

I'm new to real estate investing. At the moment I'm taking an online course and have read 4 of Robert Kiyosaki's books on investing. I'm at the point in online course where we're encouraged to evaluate properties. I live in Maryland and would like to invest in the DMV area. In this area the typical single family home I've seen runs between $200,000 to $400,000. 

My question is: for this property range, how would you calculate the rent you'd receive? For example I'm looking at a $299,995 single family home and the estimated rent for this house is $998/mo. But my understanding was that would only be the principle and interest not the full rental income.
 

Thanks, I’ll have to look into FHAs

Hello everyone

I’m a new member to bigger pockets. I just started studying real estate investing late 2020. Because of the pandemic, I know this isn’t the best time to buy property, although I plan to buy my first property this  year. 

At the moment I have no debt except for my car and I almost have a 20% down payment to move into a house saved up already, but would not have enough money for rental property.

My question is: when the economy starts recovering, should I use financing for a downpayment for rental property or just save the money up for a downpayment?