All Forum Posts by: Vandan Mehta

Hello, I am a first time investor and started to look for the investment opportunity. One thing I realized is I can only afford a condo in a good location right now. And my goal is to have a good cash flow and hold long. So is it better to start with a condo as first investment property or wait and save more money and then buy the multi family property? Thanks..

Hello,

I am a first time investor and just started to look for the properties. I would like to start with local area before going out of state.  I read the bigger pocket guide and other forums too. Right now it is really hard to find the property even with a break even cashflow unless we go in outskirts. I spoke with couple of local agents and they suggested to stick with bay area because appreciation is better compare to other areas and improve the cashflow by refinancing and increasing the rent over time. So is it a good idea to buy a property at a good location with a negative cash flow and hope for a nice appreciation when the market recovers? It doesn't make sense to me to do a losing investment but I will appreciate if someone can share their thoughts or experience about this idea.  Thanks.. 

Hello, I am a first time investor and I reached out to an agent for helping me in the process and he sent me couple of his own listings. While they look attractive, I am not sure if this is a good idea to have the same agent representing both me and the seller. Can anyone please share their experience who have been in the similar situation? How can I find out if agent is looking out for me? Thanks..