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Updated almost 3 years ago on . Most recent reply

User Stats

97
Posts
38
Votes
Cirilo Villar
  • Los Angeles, CA
38
Votes |
97
Posts

Saving up for a rental property

Cirilo Villar
  • Los Angeles, CA
Posted

So, I’m 25 years old and I’m saving up money for a down payment on a property that I plan on buying and holding.

I live in California, I’m not looking to purchase in my state because it’s too expensive and I want to get started soon.

Im thinking of buying in Texas because the houses are very affordable.

What sources should I look into to properly analyze a property?

What are some hardships I should anticipate with investing virtually?

Should I use my own money?

What loans can I use considering I won't be living in the property? That eliminates FHA and FHA 203k already, so I've heard.

To any seasoned investors what advice can you give me ?

Any books you recommend or YouTube videos?

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