All Forum Posts by: Danielle Price

I have been reading many posts for weeks to find an answer to my particular question... 

I have been approved for a FHA loan which I am aware if I purchase a multifamily property I would have to live in one unit. I live in a very expensive part of N. California so my cashflow is negative... I have some savings that I could possibly put down on a property out of state but how do I get financing for the rest of the mortgage? I would like to possibly do multifinancing on a buy and hold here in CA and a multifamily out of state?

Any Suggestions? 

@james wise Thank you for your response.  I have learned that the hard way. Although the mentor actually turned me on to Bigger Pockets.  I am looking to build long term wealth through investing. I also would like to find an avenue in which I can build my savings to become a full time investor.  

I was recently approved for a FHA loan but before I sunk my saving into a SFH in my area I wanted to make certain this would be my best choice getting into R.E. Investing. I previously made the mistake of not reinvesting when I relocated and sold my home years ago.

Good Day,  

I have been interested in R.E. for a long time.  I have taken a course with a Real Estate (Free?) Investor Company in S. Calif. that was insightful but required lots of money to learn. I currently reside in the N. California region. I just recently sought out a R.E. Investment mentor who has after 2 months has fallen by the wayside.  

I am seeking knowledge and advice on the right way to get into R.E. Investment before I retire in a few years.  :> )).