All Forum Posts by: Medi Sarwary

Like Matt said, 25% is the norm for investment properties. Owner occupied can be 5-10% less with conventional loans

Hey Angel, be sure to analyze the differences between the Kansas side and the Miss. side. I'm sure other members can give you more precise info but I know that each state has different variables that you need to understand (tenant vs owner friendly, tax codes etc.) 

Welcome Angel! Have you determined which market to invest in? The bay area generally, and San Jose particularly isn't an ideal investment region.

Beware of Texas taxation. Remember to calculate the higher rate as part of your analysis. This is especially critical for us Cali folks since we will be paying a high rate by default.

Hey Danny, welcome to BP!

We have a similar goals, have you decided which part of Sacramento you will invest in? Primarily duplexes?

On the one hand this could be the start of the downturn I've been waiting for, on the other hand...I just lost a good chunk of change. 

A correction would be well received by many of the folks on BP from what I gather. 

@Jack Bobeck great advice. A lot of successful flips in cities like Berlin. The east is still underdeveloped and population growth indicators look good for cities like Dresden/Leipzig. In NRW its hard to find value now but if you were lucky to buy a few years ago in Hamburg you would be sitting on a gold mine now

Love the dedication. That's years of consistent hard work paying dividends. Frugality opens many doors down the line and the character building you experienced during those early years is priceless. I hoping to emulate this method, thanks.

I cant wrap my head around folks who purchase OOS without flying out and visiting the area/people. Apparently this is very common since its been brought up fairly often. Thanks for the insight

Just to add to Johns point, were you referring to 100k down? ~4-500k home. This is what I gathered when you mentioned home prices in LA are 700k+. I could be wrong, most people are referring to a 100K total price, if that's what you meant, I would save a bit more before you jump in. 

At that range its more of a headache than its worth. Have you thought of Las Vegas? You're relatively close and the market there is quickly growing.