All Forum Posts by: Neel Iyer

 Helpful, will take a look! :)

My goal is to get a conventional loan to buy and hold a single family rental to generate a positive cash flow. 

I am looking for a rule-of-thumb or general advice, not specific to my situation because there are so many other variables to consider -  Given the high interest rates today, is it more favorable to consider an adjustable rate mortgage with a lower interest rate for the first 5 years and then refinance in the future with a hopefully reduced rate, or stick with a 30 year fixed rate mortgage?

Hi BP community - I have started doing some research into my first SFR investment which will likely be out of state - A ~$100,000 home with a roughly 1% rent/cost. I am looking at St Louis, MO, Cleveland OH, suburban Houston TX and San Antonio TX areas. I plan to get it financed through a traditional bank loan with a 20 or 25% down payment. Also, I am thinking about going with a property management company to manage the property instead of self-managing.

I look forward to get to know this community and learn from the wealth of knowledge shared here. Thanks!