New The Business In California?
I am looking for real estate properties in california. To start of I am searching for single family homes or multi- family homes that do not exide 4 units (i need to learn to walk before i run.. i think this will help me do that). I have found many deals but when I run the numbers. It seems that the rents are to high (even for california). I am starting to think that because the market is to expencive it is better to wait, but I know that somewhere there is a deal that makes seens.
I want to know if there is a book or something that could teach me more about loans. With the market being so high it is hard (for me at lest) to find a morgage low enough so that I could produce cash flow from the start. I had another house that was not producing cashflow at the start; as a matter of fact i was paying $400 out of my pocket. It was not until the property gained equity and i refinance that i started making cash flow. i do not want to go trough this nightmare again. What kind of questions shoudl i be asking? what load options are there for investers?
Is there anyone out there that could be my mentor?
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