All Forum Posts by: Vidal Preciado

@Kenneth Donaghy

Thank you for the response Kenneth! My long term goal simply put, is to be a buy and hold investor. My next purchase will be my first and I do plan to stay in San Diego long term. My thinking was if I can purchase a cash flowing property out of state first it might help me increase my savings quicker to purchase locally with a larger down payment..

@Dan Heuschele Thank you Dan! This is really helpful information. I was planning to invest OOS because I want to get more out of the money I currently have but I had not considered the long tear return with the appreciation included. I was focusing on initial cash flow but I do know San Diego has a great history of appreciation compared to many places. 

I live in San Diego, CA and want to buy my first rental property but I don't have a primary residence yet. Does renting an apartment so I I can use my savings out of state sound like a good idea? Or would you dig for a house hack untill a decent deal comes up?

Thanks for the response Tom Fidrych. Going to start planning for other financing options. 

There has been much talk of the coming market crash and obviously everyone would like to buy when prices are low. But as a first time buyer who plans to use an FHA loan, should I be concerned about being able to get financing during a time like this when banks may also be facing hardship from foreclosures and financial uncertainty?

Hi, I live in San Diego and I am wanting to buy a multi-family home but every time I put it into the rental calculator every property has come out to a negative cash flow. I tried messing with the numbers to get it to go positive but even then I have not had any luck. I'm not sure if I'm doing something wrong or if it's just the market here? Looking for a suggestions on how to House hack in San Diego with cash flow or even just break even.