[USER]

Okay so I have no debt, have 660k in cash-2 condos I am looking at 480, 420 (I can rent both for 2500-2600, they are seperate cities, I am trying to diversify).

I am thinking of trying to low ball the 420 to 380, thinking of buying that cash, buying the other one with a loan-was approved for max 750 K. I want to own 3-4 properties by the time I retire, I am looking to retire by 50, I am currently 41. What do you guys think with today’s market-FYI I live in California so single homes are so hard to come by. For those invested in property-thoughts?

[Aaron]

I wouldn’t be interested in that rent to price ratio. I don’t know the other details but it seems like a pretty low cash on cash return. That’s the metric I care about but others have different goals so it’s possible you aren’t looking for cash on cash return.

For 2 houses and especially if you are self managing 1 area would be better than buying in 2.

Don’t miss: When do you retire? 48 here and killing it at work (money wise) but exhausted with the grind

[Randy]

Doesn’t seem like a good ROI on either of the investments. Paying 400k for a property that rents for 2500 is not even close to the 1% rule.

I would look at syndication or out of state turnkey investment if u really want to be in real estate.

[David]

Buying rentals in different markets isn’t exactly diversification. Distance can create challenges for property owners.

[Jeannie]

I think it’s great that you’re buying. Long term appreciation and cash flow. I invest in So Cal real estate. What area is this. Seems like a good return on rent.

[Author]

Posts