Best investment property with a 15k down payment?
Hey guys!
I currently have 11k for an investment property I plan to buy in 6-8 months. I'm currently in a good situation for investing as I recently moved where I no longer pay rent and I'm saving a decent amount of money slowly but surely. I plan to have 15k for a down payment in 6-8 months, give or take 1-2k. So my question is where should I buy? Should I go for a duplex? It will be an out of state purchase as I live in Los Angeles which there is nothing I can afford close to me. I have family that work in real estate in OK where it is cheap, and they can manage it. I do want to have a rental that makes me passive income. Should I invest there? Or should I look at other states? Any and all advice is appreciated. Just trying to prepare ahead of time to make sure I don't make any mistakes, thanks! I figure I can purchase something 60-100k.