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Updated over 7 years ago on . Most recent reply
New here interested in buying rental properties
Hello everyone!
I'm Osa, I am interested in investing in rental properties preferably multifamily.
I am a recent college graduate with a Business degree. First step was to secure a Job/Career and now to plan/act for the future. I have taken advantage of the 401K match program (6%) but I tuck away 10%. I have about 38K in student loans and 10K on my car. I am currently working to pay these off my monthly payments are not too bad at all.
My credit score is in the green. I am not yet ready to buy, as I do not have enough funds for a down payment. (I'm sure you guys will give me some ideas on what to look into, as well creative ways around this, and I can't wait to hear them)
I am located in the Southern California market which is expensive but doable, I will have to look around for deals and things that make sense like properties out in the dessert etc.
I am looking for some advice, and pointers on where to find some resources and where to start. I will scour the forums and read all that I can.
Again my goals are to buy and rent, I need to read more on the BRRR and a few more strategies in buying rentals. I am a rookie all the way but a driven young person who won't easily scare.
Thanks for taking the time, can't wait to interact with you guys and learn from you all.
Most Popular Reply
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Hello. I live in Irvine, I'd be happy to grab coffee and see how we could maybe collaborate on deals.