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Updated almost 5 years ago on . Most recent reply

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5
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9
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Cynthia Alexandra Sanchez
  • New to Real Estate
  • Los Angeles, CA
9
Votes |
5
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First Time Investor in CA

Cynthia Alexandra Sanchez
  • New to Real Estate
  • Los Angeles, CA
Posted

Hello,

I am new to the BP community but quickly indulging any advice, podcasts, books that I come across on here. I wanted to put my situation out here and gain any insight I can get. I am a recent graduate with 0 debt, $30,000 in savings, and a 700+ credit score. 

I live in Southern CA and would like to move to San Diego in the near future so investments in that area would be favorable even though it is a competitive market.. maybe long distance investing could be an option?

Any insights are appreciated!

Most Popular Reply

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3,673
Posts
3,456
Votes
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
3,456
Votes |
3,673
Posts
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied

@Cynthia Alexandra Sanchez house hacking could be a great advantage to you in California! You can have the benefit of living in your beautiful state without the high mortgage or rent price!

However to expand and grow I highly recommend investing OOS. Read David Greens book on long distance real estate investing and jump in! Here in Columbus OH we have a lot of Californians coming to take advantage of our affordable yet in high demand housing!

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