Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 5 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Greg Palacol
0
Votes |
1
Posts

1st timer. Looking into starting a cash flow income

Greg Palacol
Posted

1st timer. Looking into starting a cash flow income. I'm currently in the San Bernardino area. I own my own house but not sure if I can make it into a cash flow with the loan I have. Any suggestions where to start? 

Most Popular Reply

User Stats

5,037
Posts
4,678
Votes
Taylor L.
  • Rental Property Investor
  • RVA
4,678
Votes |
5,037
Posts
Taylor L.
  • Rental Property Investor
  • RVA
Replied

If you're dead set on renting that house, find out what it will rent for then do the math. After accounting for all expenses, vacancy, and the note, how much is left over each month? If it's not more than a few hundred dollars, keep looking. You can use the equity to buy another property, do short term rental in the one you have, or something else!

The key is to learn about options and explore them thoroughly to learn if they'll work for you. Once one of them does, do it!!

Loading replies...