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Updated about 8 years ago on . Most recent reply
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New to rental investing , need advice
Hello everyone , I live in the Dallas, Tx area and looking to invest here. I have downloaded two of Brandon's book and have started reading them. I do have some questions to get the juices flowing. So I have some questions;
1) I am looking for practical ideas and solutions, with that being said , I don't know anyone with lots of money and I don't have a lot money to put down right now since I'm in college so I'm looking into FHA loans. From what I can see it looks like I will have a problem receiving it since I don't have full time job. Should I wait until I graduate in two years to truly get started or should I look more into wholesaling since that doesn't require money down?
2) Would you all recommend hiring a property management company? If so , would I still need to budget for repairs?
3) What would be a good cash flow from a rental property? 200?
Thank you for any advice , also if anyone in Dallas needs a mentee or even could meet up like once every two months just to share knowledge I would appreciate it.
Thank you,
ERINNE