I live in California, how should I get started

[Aaron P Englert]

I've wanted to buy a rental property for a while, I've got 220,000 saved up.  Everything I see here in California is sickeningly expensive and I'm afraid 99% or with my luck 100% of them would barely cover the mortage. Even before this last boom I was skeptical.

any advice? Ideas? Places to look?

thanks

Aaron Englert

[Patrick Godfrey]

I just bought a Triplex to househack with my wife using NACA in Leimert Park for $0 down, $0 closing costs, and 1.125 interest rate. Moved into the vacant unit. Then I'm Adding an adu in the next coming months with my cash as a value add play. After that I'll move into the adu And rent all three other units and should be cash flow positive after expenses. I think the only way to make things work in LA is to do value add and buy Below market/"wedge" deals with potential.

Good Luck!

EDIT Also helps to have an investor friendly agent, who’s an LA native and who is tapped in networks with off market leads.