All Forum Posts by: Tenzin Kalden

@Doug Spence

I noticed your a military contributor. I have never used my VA loan or a FHA loan. Can i message you directly if your ok with that?

@Doug Spence Thanks for your response. I will definely look at different state restrictions in owning rental property. I had a conversation with a friend yesterday and he stated that average cash flow from a rental property can range from $200-$400 a month. 

The problem is , I have alot of cash on the sideline which earns approximately $900 a month in interest. So in this case, don't I technically receive more cash flow from my cash sitting in a HYSA compared to buying a property?

Can tax write-offs from owning a property be lot to offset taxes I owe on my income.?

Hello, I have never owned a home before and am currently renting per month for approximately $1600 in Bay Area, California.

I recently thought about investing out of state in the LCOLA/ MCOLA area. I looked at Minneapolis, Portland, and Dallas. For Minneapolis, it looks like for a $200k house, the down payment is about $50k or so and the mortgage comes out to about $1300 a month. I feel like I could possibly buy property if the prices are this cheap. However, I have no way of knowing what the current rent is for the area compared to mortgages. Also, I plan to stay in California so i plan to rent out property purchased out of state. 

What should I do? Get a realtor and a property management team? Also, can I use out-of-state property for tax deductions if there rental?

What else should i be thinking about?