New to Real Estate Property Investment
Hello BP Community,
I am currently New to the real estate investment world and have been doing research the last few months. I currently reside in Southern California and do not plan on investing in SoCal due to funds and the current overall market out here. I have a little over 20k saved up and more than 100k in retirement. I am also looking at duplexes and bigger in AZ, NV, and smaller communities north of Los Angeles.
With just over 20k saved up and that more than likely not being enough, would you guys recommend pulling from my 401k to cover the remaining costs? Also, being a first time buyer for real estate property, what do you think about being a long distance landlord? Thank you in advance.
James