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Updated about 5 years ago on . Most recent reply

User Stats

3
Posts
2
Votes
David Espino
  • Rental Property Investor
  • Santa Ana, CA
2
Votes |
3
Posts

First rental property, poor credit, low DP, in or out of state?

David Espino
  • Rental Property Investor
  • Santa Ana, CA
Posted

Looking to buy my first rental property. Currently saving, trying to build credit ( credit poor) , thinking Putting 15% down payment On property out of state? Or in state( California) ? , some properties in the Mid East around 30 to 40k .  What’s an estimate on how much I would need for the down payment, contractor, property manager, closing cost, agent? for decent cash flow? Or should I just wait, build credit, save, buy something here in Cali?

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