House Hack in Los Angeles or Rent and Invest Out of State

[Gary Liu]

Hi everyone, first time poster here, but wanted to see what you guys think.

My background: living in Los Angeles practicing as a new dentist. I have ~50k saved up and want to put it in real estate.

How would you start your real estate journey?

(1) House hacking in an expensive real estate market.

OR

(2) Invest out of state in SFR/MFR and continue to rent in an expensive market.

[Sally Carr]

Simple answer would be both. House hack a multiplex in Los Angeles, or even a single family (rent out rooms). This will allow you to save more money by paying less rent. After 6-12 months, you can re-finance the house hack and then take that money out of state to invest.