I live in SoCal and am looking for ways to grow a small savings. It's not a lot, but it's also a lot for me. New to real estate investing, but am considering commercial over residential. How would you invest?
Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
5y
When I lived in Los Angeles I had saved up around 25K and bought a 4-plex in my hometown of Erie, PA. 20% down. Paid 79K for it and used the money I had left to fix up the two vacant units (mainly some cosmetic damage, light plumbing work).
Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
5y
When I lived in Los Angeles I had saved up around 25K and bought a 4-plex in my hometown of Erie, PA. 20% down. Paid 79K for it and used the money I had left to fix up the two vacant units (mainly some cosmetic damage, light plumbing work).
I would buy two distressed sfh properties then owner finance them on payments to handy people in the area that want to be homeowners but bank won’t talk to them