I spoke to a local agent (who was awesome) over the weekend and she told me if I'm looking to invest in a Multi-Family home in the LA area, I'm looking at $600,000. If I had close to 30% of that to put down I wouldn't mind, just so I can stay in the area, as that would be ideal for me. After speaking to a broker from the Mid-West yesterday I'm thinking that might be a better start for me as a duplex was going for $79,000. I have the layout of all the numbers, because he was kind enough to send me an example. If there is someone who has advise/tips or is willing to look at the numbers that would be great.
Thanks fellow BPers. good day,
Where in the Midwest are you looking? I live in the IA/IL area
Free eBook from BiggerPockets!
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.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you