Real Estate Investing Next Step?

3 Replies

Hi,

I have a condo in san diego just finish the mortgage, which worth around $200,000. I am looking for next step in real estate investing.

What is a good way? Currently I am renting out the condo and get around 4% annual return, but the tax is heavy, and the money is not leveraging.

I am thinking to sell it and get around $200,000 and then split into two $100,000 and then buy two condos, with around $250k each.

Another thoughts is to buy a more expensive townhome around $500,000.

Any suggestions or comments? Thanks.

If you are from Cali I don't know how expensive the multi-families are there but, Vegas is close by and there are some multi-family(fourplex) you might want to look into here. You can get one anywhere between 180-250k easily with a NOI close to $25k. I am a Realtor here and I'm always looking for deals like this for investors in Cali!

@Juan Rubio , I might be interested in getting one of those fourplexes. I've got about $40k to work with and would need a loan to complete the purchase if you know of a good lender I could work with.

I got a guy from W.J Bradley he is great!  E-mail me your contact information and I'll tell him to get in touch with you, my Buisness email is [email protected]

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.