Newbie, Have about 50-60K to invest. Where should I invest?
Hello,
Newbie here, been a pro member for almost a month now. This is my first post, sorry in advance if it's in the wrong forum, but would love some advance. ( I also just finished reading The Book On Rental Property Investing )
I have about 50-60k to start investing with, but the issue is I live around the orange county area in California.
And I have been looking around on redfin every day for about a month now for a multifamily home and I have found some deals, but its pretty high price.
I did however put in about 2 bids. One of the bids got really close to getting accepted because we got a counter offer.
Long Story short, should I try to venture out of state to look for better deals to make better use of what I can invest? Or would Sticking it out and keep looking around for a good deal?
Im looking in all areas of southern California.
thank you in advance.