New To REI, but eager to begin
Hello, my name is Jonathan and I am 23 years old from the Los Angeles area. I have always known that REI was something I wanted to be involved with and now the time has come for me to start making moves towards my goals. As of now, my goals are to own and rent out a single family or multi-family property before the end of 2018 or to wholesale a property or two before the end of 2018. Whats going to help me decide between the two is whichever is easier to get started in without a ton of financial capital. I know moving forward as I learn more I want to focus on owning multi-family properties, but for now whichever is easier for beginners is my goal. With that being said I live in Los Angeles, which I believe is not an easy "beginner" market, so I'm looking to go out of state for my first deals. If anybody has any advice on where to begin my journey towards these goals it'd be greatly appreciated! I'm excited to join this community and to learn from all its members!
Most Popular Reply
@Jonathan K. The Midwest has cheaper properties and is known more to be a cash flow market. Finding a reputable turn key company in the Midwest might be the way to go for what you are looking to do. I invest mostly in Arizona in single family homes and I like the Arizona market. For me it is both a cash flow market as well as an appreciation market whereas California tends to be an appreciation market and not so much a cash flow market.