Hello, so I'm looking at a couple of options for a first step and just wanted as much feedback as possible. I live in southern California, have 30k for first deal. 1) local option, blue collar rental in my area.
2) out of state, find a 2% and go check it out.
3) whole sale some properties to learn the ins and outs and hold my money for when I have experience.
thank you in advance for ANY comments.
generally 2% properties are in very difficult locations. If you don't know the area, you are at risk for buying something that is not a deal. Maybe find your local real estate investment group and learn what they are doing. Wholesaling is not as simple as advertised. You can learn a lot from a buy and hold.