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Updated almost 8 years ago,
Want to buy a rental property. Have income but no down payment
Hello.
I only have 20k saved up so far and have an income of about 4k/month after taxes/expenses.
I am around Los Angeles, CA and all the housing prices here are riduclously high. A 2 bd condo goes for 400-450k (and rents for about 2.0-2.5k/month.
The crappiest houses start at 500 and any decent one is 750k+.
Does anyone have any advice as to what I should be looking to do?
Thanks.