All Forum Posts by: Ashleigh Medina

We have had the best luck with Lennar properties due to their ability to buy down rates and pay closing costs. They are in the range of high100s-high 300s. They range in rent usually from $1500-$2300 a month depending on size and location

Hi! The best way to go about this is to contact a lender who can point you in the right direction. You can also maybe contact your current mortgage lender to see what they recommend. 

I am located in San Antonio and although the rates have affected our market, we still have a lot of affordable options to start investing, usually as a new build. I am not as familiar with the market in California but I do completely agree with you assessment to carefully evaluate each deal before making a decision. I also think reaching into different markets might be a really great option for you as a first time investor as well. Good luck!

I have also noticed that here in San Antonio, we have certain builders that are buying down rates and giving 0 down payment options while also covering closing costs. This is a great opportunity for investors as well!

Hi! I am so happy for you! This is an exciting step! Usually the next step would be to decide if you want to go through a management company to lease or if you want to try to lease them yourself. In my experience here in San Antonio, having a third party such as a management company to lease and be the "go between" makes the process a lot smoother. They also usually have safeguards in place to make sure the tenant is qualified. Best of luck on this part of your journey!