All Forum Posts by: Andreas Norberg

Looking for opinions on trending cities Californians are re-locating to leaving California. Wanting to acquire properties close to California with low property taxes, tax incentives to purchase, economic booming cities, and gen z popularity. This will be our first time investment property.  Keeping everything at a conservative cost, as it being 1st time as an investment buy with the idea to buy small with continue buys and gains.  

Thank you! 

Hey BP's community

Me and my wife want to buy rental property. 

We are looking for guidance on several things as well as potential partners, lenders, realtors etc. 

First things first; 

Qualifying for a loan. 

We will have to go a non-traditional loan route from what we understand. We have deducted as much as we can on our taxes last two years.  We have a combined income of about $220 000/year. 

We already own a house with about $850k in equity on a fixed, good interest. We also have roughly $200k avail in cash and another $100k in investments. both good credit 750 + as well as no debt, cars paid off etc. 

We both set our own schedule so short term rentals would be of interest as well. 

We do not want anything that comes with fixing ourselves since we are not very interested in that aspect. 

Our question from us to you is: What would you do if you were in our situation? What kind of loan would you look to get? what state would you be looking into? 

thanks in advance!