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Updated over 8 years ago on . Most recent reply

User Stats

75
Posts
38
Votes
Patrick Anibaldi
  • Temecula, CA
38
Votes |
75
Posts

Humble Dad hunting cashflow for son's education

Patrick Anibaldi
  • Temecula, CA
Posted

Today we decided the best thing for my son would be private schooling. It will cost about $800/month. My goal is to meet this with positive cashflow through income property investment!

When upgrading to our bigger 2nd primary residence I kept our 1st house as a rental. So I have a few years of property mgmt experience under my belt. Looking to learn more about doing out of state deals where the price to rent ratio is better than Southern California!

Most Popular Reply

User Stats

75
Posts
38
Votes
Patrick Anibaldi
  • Temecula, CA
38
Votes |
75
Posts
Patrick Anibaldi
  • Temecula, CA
Replied

So blessed to be apart of this community. Thanks to all for your responses and help, I feel the love and am excited to make some friends and learn. 

yes I am going to do a cash out refi on my primary and use that as the DP for multiple properties that will hopefully get me close to the $800 positive cash flow in the near term and help with retirement in the long term!I need to choose a market and SoCal is not looking good. Im leaning towards Texas, but I am open to ideas with high price/rent ratio and good potential appreciation growth. 

Thanks and God Bless you all!

P@

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