Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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

User Stats

2
Posts
2
Votes
Jonah Rudy
2
Votes |
2
Posts

Getting my feet wet and considering first rental property

Jonah Rudy
Posted

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

User Stats

4,576
Posts
4,418
Votes
Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
4,418
Votes |
4,576
Posts
Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied

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

  • Robin Simon
  • [email protected]
  • Loading replies...