@Minka Sha don’t forget 3 very important things. 1) your principal pay down, is probably $400-500/month.2) rent growth - PB is very desirable and rents will likely continue to go up over time 3) appreciation - coastal CA will always be in demand which will fuel appreciation You bought it with 5% down so have very little skin in the game. $1000/month loss like @Dan Heuschele calculated is tough to swallow but I’d guess you’re breaking even if you include principal pay down and appreciation.

My wife and I want to get into the market, but we both have full time jobs so turnkey seems like the most realistic way to get in the game.

Wholesaling is a whole nother game but mainly it takes a lot of hustle and time.

When he saw our market and the numbers on how our first BRRR deal went, he became very interested and we came up with a game plan to start a Buy and Hold Realestate Investment Company.

I think it is kind of a dangerous game to base all investments on speculation.

@Jeffrey Ward I’m in the same boat, as I look to get in the game of real estate investing and believe the buy in prices in Baltimore will allow me to do that and grow my portfolio quite quickly with a sound strategy.

After the storm is over, they may go back to normal 10% down, but they are defiantly going to ask for a lot of skin in the game.  

Your first couple of properties are just to get in the game. 

@Shawn LegreeCongrats on finally being ready to get into the game.

I'm also looking to dip my feet in the wholesaling game before then.What are your long term goals with regards to REI?