Starting Out
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Getting my feet wet and considering first rental property
Hi all - would love to get some initial thoughts from you seasoned pros out there. I live in Thousand Oaks, CA. Median home price is around $980k. There is a lower priced neighborhood nearby - Simi Valley (800k). I currently have slightly over $100k saved. For those that have been there before, I'd love to hear recommendations/comments/questions. Appreciate it!
Most Popular Reply

- Lender
- Austin, TX
- 4,418
- Votes |
- 4,576
- Posts
I would **generally** agree with the other commentators that when diving in for the first rental, thats a lot of money down and a high price point considering a lot of people "learn a lot of lessons" (i.e. make mistakes) on the first one, so its generally better to take a little less risk / $$ exposure when just starting out