Beginner in SoCal. Getting in with only $50K
I’m a LEO in San Diego County. Own a home that I can pull $50K out of which doesn’t seem to be enough to break into this market. Not sure I’m comfortable for a first time investment going out of state. I’m thinking partnering is the best bet.Suggestions?
Most Popular Reply
Kevin,
If you're serious about investing out of state, I suggest you read David Greene's book on out of state real estate investing. Partnerships can be beneficial, and they can be very problematic. Just understand that partnerships are like a marriage. You really should take time to get to know potential partners, and have those uncomfortable conversations about goals, legal issues, and determining responsibilities. Best of luck on your endeavors.
Sincerely,