All Forum Posts by: Augustin Kamdem

Thank you all for your thoughts! That is wonderful feedback!

I agree with most points. We live in Santa Barbara and rent here because my wife has an employment contract and we plan on moving closer to her family in LA once the contract is over, and that is 18 months from now. I have been reading trying to educate myself, listening to podcasts as well. I need to find real estate investment clubs near me and start networking with other investors. I definitely feel like now it is the time to get started and build some momentum. I also got pre-approved by my bank. 

The idea behind looking 3 hours outside on LA is because with my price range we won't find anything in LA. I would even consider going out of state but that is very risky for the first investment. 

I agree that the primary home is not an investment, not an asset, it is actually a liability which cost you money monthly and brings in not cash flow. The point of the home is living in a great area where kids can be raised and attend great schools. Plus, it is better than renting.

Househacking is an option, but my family is quite large. My parents will be living with us. Plus I work from home so we need at least 4-5 bedrooms. I saw some deals where there 2 homes on the lot and you can live in one while renting the other, most of theses properties only have 3 bedrooms max. So I feel like that won't work.

The other hurdle I am facing is that my partner share my excitement about real estate investing in general but she does not support my idea of starting to invest even before behind our primary residence. 

Hello Folks,

I am writing to get your thoughts and ideas on the subject of when is the best time to get started on this amazing real estate journey.

I have been wanted to start building real estate rental portfolio for 10 years, and every time some thing happens in life that prevents me from starting. We live in CA where homes are expensive. We are planning on moving closer to my wife's family in LA and purchase our home there in 18 months. However, I am tired of waiting and I feel like I will never get going on this dream. We could invest in a rental home in the 200-250K range right now if there is a great deal with 3-4 hours of LA. Would you wait and buy the primary family home first before investing in a rental property if a great opportunity arises? 

Hope my question makes sense!

Thank you bros and sisters!

Best Regards,

Augustin