All Forum Posts by: Kyle Abramov

Thanks guys!

Hey guys!

Just wanted to hear some of your thoughts on this:

I am deliberating on my first rental property purchase. I am wondering how in depth did you guys really get with your first rental. 

I've been doing my basic research into RE investing and calculations to find out what fits into my goals. 

Is there anything you wish you could've told yourself before making your first rental purchase? (ex: things I should've checked etc.)

A part of me thinks that I am just overreacting and getting cold feet and need to just bite the bullet and give it a go. Consequences be damned, it will all be a learning experience from here on out, but I will have done it. I will have taken the first step.

Thank you!

Thanks Cody and Nick!

Hey guys,

What are my options for financing?

I am looking around for my first rental property whether it be SFH or MFH.

I know I can house hack with a FHA Loan or conventional.

However, is it possible to purchase a property with less then 20% down. Maybe it is not favorable since the mortgage payments might be high.  

Are there any other options I can explore? Or should I just save my money until I can finance something that will lead to a positive cash flow?

Thanks!

Thank you everyone for your input. I am reading all of your responses.

Thanks for the responses Joshua and Cameron!

Thanks Robin,  great things to consider.

Hey guys,

Do you think it's beneficial to sign up with a property management company for your first rental, or should you wait until you have a few under your belt.

Perhaps this is a subjective issue.  Interested in hear your opinions.  Thanks!

Thanks Bill!

Thanks Garrett!