All Forum Posts by: Rohit Kochar

I was reading this online and got a very good link which I would like to share with you guys:

http://investfourmore.com/2013/03/why-you-should-become-a-real-estate-agent-if-you-want-to-invest-in-rental-properties/

Hi Guys ,

I am very new to real estate field and I have started learning . I am thinking of getting a real estate license in California . My question is ..even if I don't work as a real estate agent after having my license , would I still benefit after having this license? Like , I can have access to all lisitng and If i buy a property for myself I will still save some money.

I would appreciate your replies.

Thanks,

Ro

Thanks for replying Alex. I am married so I can't share with a roommate. By 75% you mean I should try to put a downpayment of 25%-30% atleast so to pay as less on mortgage as possible? Also, If I make a higher downpayment , do I still need to take an insurance? I am veyr new to this field so please ignore my naivety :) .

Ro

Hi All,

This is my first post in this group. I am interested in buying a property( ) using a bank loan and with a  15% downpayment . My main focus is to buy it , rent it and put the house in market after 1 year. I have  a budget of $200k-$250k and I am looking for 1 or 2 bedroom around Long Beach, CA ( Southern California). Is this a good diea to buy using banks money and rent it ? Can i still save some taxes at the end of the year ? I would be happy even if I break even and I do not have to pay mortgage using my own money. What things I should keep in my mind when I go with this approach?

Thanks in advance,

Ro