Annual Premium - FHA loans have expensive private mortgage insurance premiums (which is required of all loans where more than 80% is still owed), tacked onto the interest rate.

Hi All !I am a new investor living in Queens, NY and just finished reading through Chapter 6 which spoke directly to me. It's hard to find something affordable to invest in as the barrier to entry in NYC is quite larg...

Typically this is going to outpace cash flow by quite a bit, but because of the lack of cash flow, you have to retain liquidity to handle any major expenses that come up.For instance... if you BRRRR a $75k home that rents for $900/mo and refinance all but $10k back out your probably looking at about $4,000 in cash flow over 5 years if you have a vacancy or two.

Los Angeles is so expensive that I need to partner with others with capital.  

With condos, you would have your standard HOA fee that covers few expense items. 

Not picking on you but there ws some homework you didn't do along the way and I would bet he was not the most expensive guy.

I hope you hear from some CA gurus too, out of curiosity, because in my area you would never be able to pull cash from a negative cash flow property.Out of curiosity why do you want to take on the liability of a personal home when renting is less expensive.

On the other, probably more likely, hand if you're making $215 after only paying your 2 mortgages, taxes, insurance then I would pass on the deal because once you add in all of your real world expenses you will make little to nothing.

Currently living in Adams Point and was hoping to pick up a triplex but the area seems pretty expensive right now for multi-family properties unless you owner-occupy and use Just-Cause to raise rent to market rate after a year.

Seems "Rich Dad" got richer at your expense; here's hoping you do too.