All Forum Posts by: Samuel Toma

@Michael Robbins yes, plan is long term rental. After all costs including a little extra for maintenance and vacancies, cash flow is about $100/month. Saving up for the next one.

@Brian Walters on the east side/south east

Investment Info:

Condo buy & hold investment.

Purchase price: $140,000
Cash invested: $28,000

2/2 condo, ~900 sq ft

How did you find this deal and how did you negotiate it?

Found on Zillow.

How did you finance this deal?

Conventional loan, 20% down.

Lessons learned? Challenges?

Make sure you learn to ask the right questions from the home inspection, especially if investing out of state.

Investment Info:

Condo buy & hold investment.

Purchase price: $140,000
Cash invested: $28,000

2/2 condo

How did you find this deal and how did you negotiate it?

Found on Zillow.

How did you finance this deal?

Conventional loan, 20% down.

Lessons learned? Challenges?

Make sure you learn to ask the right questions from the home inspection, especially if investing out of state.

@Marilynne Poumele-Flores I bought my first investment property last year, a condo in Las Vegas. I understand your situation because I live in northern CA. I did a conventional loan so I put down 20%, however it was a small condo so it was relatively inexpensive for the down payment. If you would like more on the numbers or anything like that feel free to message me.

I bought a condo in Las Vegas this past summer which was appox 900 sq ft. I'm an out of state investor and my property manager got a guy who charged $890 to repaint the whole place.

Hey congrats man! I am living in northern CA and just made my first purchase, a condo in las vegas! Would love to connect and potentially do more in the vegas area.