All Forum Posts by: Mario Fernandez

 It would be down payment assuming I go conventional loan (roughly 20%) 16k down payment would be the max I can currently go not to mention closing cost, escrow fees, etc. 

Since I won’t move in to the area (unless I quit my job in Cali) 

in your eyes what does a solid team consist of? 
realtor, prop manager,  inspector? What else?

also on the deals i have found that cashflow about $100-$200/Month the CASH ON CASH return % is rather low.

Hi guys. I'm wanting to get started on my first rental property but unfortunately can not afford anything in my back yard (California). was looking into out of state properties around the 80k range (which is the max I can afford if I'm being honest)

taking into consideration if I have a vacancy and my out of state asset turns into a temporary liability while maintaining my current California living expenses 

what are some good prerequisite I should do before i dive in?

is it a good idea for my first rental property to be out of state?

I've been analyzing deals out of state and found a few that can cash flow around $100-$200/month 

Been saving money and living below my means to make this happen 

any information helps 

I'm just trying to sharpen my axe before I cut this tree down 

Thanks 

What is a good rule of thumb or a % to generally use? I've been trying to get estimates online but it always leads to me an actual insurance website trying to give me a formal quote with me adding specific details of the property 

I'm just trying to calculate and analyze deals