Purchasing first Fourplex in Southern California
Hello everyone. I'm new to Bigger Pockets Forum and a relative newbie in the Real Estate Investing world.
As my first investment, I am considering purchasing a fourplex using an FHA loan and then repeat the process over to build up my real estate investments.
Question is, living in Southern California (Long Beach to be precise), I'm having a hard time finding a fourplex what would even break even with a 10% down payment, let alone with at 3.5% down payment... numbers just don't add up.
Am I missing something here? Appreciate your thoughts.
Mitchell.