Where to start

[Leland S.]

Hi All,

I'm new to this forum and new to real estate investing. I haven't purchased anything yet... I live in CA where prices are exorbitant. I had some realtors send me some potential investment homes (multiplexes) for rent in LA in my price range (600k) but they all looked trashy. I also have family in Texas where I was considering buying for rent. I don't have a lot of cash, maybe 20k to start. 

My question is, should I go for cash flow, long term equity, renting multiplexes? I'm struggling with what should be my target.

[Prince Adeoba]

Because of your situation you should seriously and as a matter of urgency consider the FHA 3.5 % downpayment for owner occupied triplex or quadruplex purchase.you could also benefit from rehab loan if you need to fix the property and hold to generate rental cashflow from this multiplex investment property. at the end of the day you wont even need to spend half or your 20k. Do your due diligence meticulously on this Nieche.