We just closed on our first investment property and we jumped right in with a quad plex.

@Anthony Finelli check your mortgage paperwork for the Truth-In-Lending form to find your APR.APR is your effective interest rate including interest, MIP and closing costs.If you can refinance the rental at a cheaper rate than the APR, then you should!

After 5 years in the business I’m starting to get a few word of mouth referrals which is how I closed my last property which was my first off market deal.

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

We just closed on a 71-unit apartment complex, our largest purchase to date.

My company offers fast-closing, no credit/bad credit loan packages in 44 states and referrals in the other 6.

If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one. 

And that’s before factoring in selling costs—commissions, taxes, and closing expenses.

Know your close date and time line to turn the EM.

As for the third target market, Sacramento is close to you, it's a state capitol, relatively inexpensive, two major universities, great local culture...