Hello , Everyone I'm barely started out with trying to invest into real estate doing all my necessary research , reading etc I often hear from experienced investor I should invest in my market I would have a better advantage that way problem is my local area socal is way out of my budget. Can someone perhaps point me in the direction of a good city on the outskits of Los Angles that could perhaps be a good investment for me? My budget for my down payment is approximately 20k.
Need more details to better advise but basically, the desert cities and the outskirts of LA will be priced lower and potentially offer some cash flow for a buy and hold investor if you find the right deals. Creative financing is also something you can look into. Seller financing, private money, partnerships, purchasing subject to existing mortgages (sub2), & credit lines are all ways of creative financing.