I think investors need to have the correct expectation going in or they will be disappointed regardless of who is involved.

Investing in a single-family home in LA and expecting a good cash-on-cash return will be very difficult. 

@Kenneth Joseph Perfido It really comes down to math and future goals.

Was fortunate enough to lease for higher than expected rental rates.

I want to know if there is anything I can do right now that will help me in becoming a realtor in the future.

The price appears competitive, and the interface seems like it might work well with adding in multiple future properties.

@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You can use this tool to estimate future property taxes: https://treas-secure.state.mi.us/ptestimator/ptestimator.asp

@Guifre Morai am searching for a HELOC or refi so I have some capital to take advantage of any future deals, sounds like HELOCs have been frozen, anyone have any info.

View report
*This link comes directly from our calculators, based on information input by the member who posted.I’m considering purchasing two investment condos to help pay for my children’s college tuition in 13 to ...