Advise On property Purchase

[Vagif Musayev]

Hi everyone,

I am new to this forum and happy to be a part of the BP family. I currently have a 3 bed bath Condo Under Contract located in downtown Santa Ana. The purchase price is $465k. My goal is to do househacking and to start building a RE portfolio. I have done the calculations and the property does not bring any cash whether I put 5% or 20% down. My plan is to put 5% down and to pay the monthly difference out of pocket and to refinance it in two years when the interest rate drops. In that case the price of rent and the monthly mortgage will even up. I am prepared to pay out of pocket for 2 years given that the property is in a great location and will appreciate over the time. I would like to connect with an experience local investor to brainstorm the deal. Appreciate your attention!