All Forum Posts by: Saemi Jung

My husband and I decided to look into purchasing a multi family home using VA loan somewhere in LA county or San Bernardino County. We are looking into a tri or quadplex to start off our investment in rental income properties.

Is it a good idea to purchase a rental properties instead of buying our primary residence? Or should we purchase our own place first? Also, I am worried about vacancies once we purchase the property. We will have some cash reserve set aside but I would rather just prefer to buy a tenant occupied property to avoid looking for new tenants. 

How long does it take on average for those counties to fill up those vacant units? I know that certain areas are in high demand for rent but I just wanted to hear from an actual owners. 

We are hoping to move our way up to owning an apartment complex within the next two decades. Will it possible in CA? 

Thank you in advance! 

Thanks for the tip! 

Hello,

So I am interested in using the BRRR method to start investing in real estate but I live in LA, CA and I just don't have the money to do so around where I live. Also, I am not sure if I should go into it new with such a big loan since multiplex can average from 1.5 to 2mil.

I want to invest out of state (Texas, New Mexico and Arizona are some of the states I'm looking into) but not sure if that's a good idea since I don't have the freedom to travel and I don't plan on quitting my day job. 

Any advise for someone like me? Is starting off using the BRRR method ok? and do I need to hire a lawyer to review contracts when purchasing? I am afraid of getting scammed.

Any advises or even your personal stories on how you started are appreciated. 

FYI: I just started looking into real estate investment and plan on using VA loans.

Thank you! 

Wow didn't expect such detailed advise. Thank you! Will definitely look around 

Thanks for replying. Well, I thought of starting with multi family homes  like tri or quadplex and working my way up. 

I am just starting to look into investing in real estate but afraid that  I won't make it and might end up failing with a lot of debt. I know researching helps minimize losses but just not sure where to start. Anyone mind sharing their stories?