Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Buying First Rental Help
Hi BP Fam! I'm close to being ready to pull plug. I'm in California and looking to purchase my first rental in Sacramento, CA. I was thinking of going with a first time home buyer program, puttin a little down, and renting out, the typical way you know? Anything i should be aware of, do/don't do, lookout for, how much shoould i save up? Average down is about 7-15k. So I'd wanna have 15-20k for potential repairs or if i have it for a month before i put a tenant in. Any helpful tips appreciated.