Buying my first property!!

[Gabriel Ramiez]

Looking into real estate I want to build up my portfolio however I know that interest rates are high and finding cash flow is even harder tp obtain. I'm planning to buy a property with a ADU to rent out to cover some or most of my mortgages . I'm in the inland empire and there are lot of opportunities here. I guess my question how would I analyze deal or which resource do you guys use to analyze your deal? Any other advice is welcomed too!

[Matthew Kwan]

Hi Gabriel, do you know what your ideal budget or hoping to be preapproved? Usually, lenders would lend up to 45%-50% of your gross income. This will give you a sense on house much you would qualify. Also, you would want to ask your agent to fight/negotiate 2-3% sellers concession so that you can apply that seller concession towards your loan on a 2-1 buydown, which could lower your lower interest for the first 2 years. I hope this strategy will address your concerns on the high interest rates. @Carlos Valencia @Albert Bui