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Wujohn
ParticipantThanks for the reply SD Realtor. My personal preference would be to purchase somewhere in the greater San Diego area. I do not plan on using a property management agency at this point, and that rules out out of state options…although 15% CoC does sound nice.
My plan is to put 25% down; not exactly a large down payment but a bit more than the minimum. I am looking to be at least cash flow neutral to a little cash flow positive…if that is possible.
I feel like I need to jump into an investment property now. Though pricing will fluctuate over the next few years I feel like it won’t go significantly lower. That and the fact that interest rates are trending up is basically forcing my hand.
Thoughts?
Wujohn
ParticipantThanks for the reply SD Realtor. My personal preference would be to purchase somewhere in the greater San Diego area. I do not plan on using a property management agency at this point, and that rules out out of state options…although 15% CoC does sound nice.
My plan is to put 25% down; not exactly a large down payment but a bit more than the minimum. I am looking to be at least cash flow neutral to a little cash flow positive…if that is possible.
I feel like I need to jump into an investment property now. Though pricing will fluctuate over the next few years I feel like it won’t go significantly lower. That and the fact that interest rates are trending up is basically forcing my hand.
Thoughts?
Wujohn
ParticipantThanks for the reply SD Realtor. My personal preference would be to purchase somewhere in the greater San Diego area. I do not plan on using a property management agency at this point, and that rules out out of state options…although 15% CoC does sound nice.
My plan is to put 25% down; not exactly a large down payment but a bit more than the minimum. I am looking to be at least cash flow neutral to a little cash flow positive…if that is possible.
I feel like I need to jump into an investment property now. Though pricing will fluctuate over the next few years I feel like it won’t go significantly lower. That and the fact that interest rates are trending up is basically forcing my hand.
Thoughts?
Wujohn
ParticipantThanks for the reply SD Realtor. My personal preference would be to purchase somewhere in the greater San Diego area. I do not plan on using a property management agency at this point, and that rules out out of state options…although 15% CoC does sound nice.
My plan is to put 25% down; not exactly a large down payment but a bit more than the minimum. I am looking to be at least cash flow neutral to a little cash flow positive…if that is possible.
I feel like I need to jump into an investment property now. Though pricing will fluctuate over the next few years I feel like it won’t go significantly lower. That and the fact that interest rates are trending up is basically forcing my hand.
Thoughts?
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