All Forum Posts by: Jonah Rudy

Thank you all for your feedback. To answer some questions, yes I own my primary residence and have reserves. Speaking to a local agent, they mentioned that there are properties around here in the $400k range - around 800-900sq ft for a 1 or 2 bedroom. Average rent for those properties are around $2000-$2500/mo. Doing some basic math, my mortgage would be around $2500 plus any HOAs would be assumed around here for anything in this price range as those would be apartments/condos. So it would not be a way to build monthly income unless I can put more down.

I hear all the advise to consider out of state and am genuinely interested in learning more about it. As a first time investor, the idea of having a property that I can visit via a short drive makes me more comfortable. Have any of you done the out of state investments and would you recommend it for a first timer? 

Hi all - would love to get some initial thoughts from you seasoned pros out there. I live in Thousand Oaks, CA. Median home price is around $980k. There is a lower priced neighborhood nearby - Simi Valley (800k). I currently have slightly over $100k saved. For those that have been there before, I'd love to hear recommendations/comments/questions. Appreciate it!