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Updated over 2 years ago on . Most recent reply

Steve Garcia's profile image
Steve Garcia's profile image
Steve Garcia
  • Investor
  • from DFW
  • Member since Aug 31, 2022
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Steve Garcia's profile image
Steve Garcia's profile image
Steve Garcia
  • Investor
  • from DFW
  • Member since Aug 31, 2022
Connect
Steve Garcia
  • Investor
  • DFW
22
Votes |
34
Posts
Starting Out

Seeking first rental investment

Steve Garcia
  • Investor
  • DFW
Posted

Hello,

My name is Steve! I am new to the forum and the Biggerpockets family. I had a question regarding a starting price point on obtaining my first rental property investment. I set a budget for 250k which is roughly 75k down per the numbers provided by my lender on the pre-qualification received. With current interest rates that will total my monthly payment at about $1650. Should I target a lower price point? The properties I am finding at this price point are turn key in the Fort Worth area.  

Fort Worth, Texas
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Lucia Rushton's profile image
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Lucia Rushton
  • Realtor
  • from Dallas - Fort Worth Metroplex, Tx
  • Member since Apr 21, 2016
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Lucia Rushton's profile image
Lucia Rushton's profile image
Lucia Rushton
  • Realtor
  • from Dallas - Fort Worth Metroplex, Tx
  • Member since Apr 21, 2016
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Lucia Rushton
  • Realtor
  • Dallas - Fort Worth Metroplex, Tx
923
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1,644
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Lucia Rushton
  • Realtor
  • Dallas - Fort Worth Metroplex, Tx
Replied

@Steve Garcia. Do you live here in DFW? Are you looking for buy and hold - do you want to do any work to the property ?

3 Votes
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