First time Rental Buyer

[Dean Halpin]

Hi everyone! My name is Dean Halpin and i'm currently a wholesaler/investor in the El Paso area, and i'm looking to buy my first ever rental property, but would definitely need some assistance in the process. Pace Morby is the guy i look up to the most when it comes to creative financing, and i was wondering if i could meet up, or hop on the phone with somebody who knows the game pretty well to grab some advice. 

-I'd rather not go the traditional route with buying just because my W2 isn't exactly the most stable and i'm a full time college student. Any advice would help, thanks!

[Matthew Kwan]

HI Dean,

You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow. Happy to connect and assist you in your real estate investing journey.

Happy to connect if you are interested to expand your portfolio

@Albert Bui @Carlos Valencia