All Forum Posts by: Nicholas L.

@Auryana Faramarzi two questions - are you looking for this property to immediately be a rental?  And how are you planning to finance - standard convention loan?

@Sead Osmani you have asked some overlapping questions here - we would need more information in order to offer a perspective - like the following:

What is purchase price

What is the intended purpose (LTR, STR, etc.)

Did you have an inspection

Are you working with an agent - if so, what is their advice

Etc.

@Jennifer Walsh just curious - what financing / financing terms are you assuming when you run numbers on these properties?

@Joseph Dozier do you have any specific questions?

@Annie R. there are other perspectives on FI that overlap with RE. Check out Kristy Shen, Paula Pant, Tanja Hester, Graham Stephan...

@Phu Le saving $1K a month isn't bad.  Save up enough so you have a down payment for a house hack that isn't in CA.

@Carl Edelman OK - I'd get an agent.  They can pull comps, help you with an offer if you decide to make one, etc.

@Carl Edelman if it's truly off market, is the "asking price" just a number the seller conveyed to you verbally?  Or where did they $260K come from?  And are you working with an agent?

@Alecia Prigmore are you going to be self-managing, or do you have your own property management lined up?

@Kevin Mcilnay I actually think you've got it =) another part that gets overlooked is holding costs.  You're paying taxes, insurance, utilities, etc. while you rehab, and interest on a loan if you've financed (no interest if you've bought with cash.)  All those costs add up!