Los Angeles (South Bay), CA Multifamily
Hello BP community,
I am very new on my real estate journey. I don't have any experience in this field; so I am starting off with learning as much information that I can and also looking to network with seasoned REI and others in the real estate field. I have recently finished reading 'The book on Rental Property Investing"by Brandon Turner and I absolutely loved it; that lead me to the BP podcast and now I have joined the BP forum,with that being said I am extremely excited & motivated about this new path I have chosen. I'm originally from New York and fairly new to LA, I currently live in the Valley but my plan is to invest in the south bay area mainly because of all the new up and coming projects I have heard about. If you know of other areas I am open to hearing about it. I am currently working on coming up with the rest of the down payment 50k (about 20k short), raising my credit score to 750(50 points short) and lowing my DTI ratio. I plan to start with a Duplex possibly a Triplex depending on pricing. I am eager to start so I plan to purchase January 2020 (I work best under pressure). Very interested in advice/comments, I look forward to speaking with you guys.
Thanks in advance
Kyle M.