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Updated over 1 year ago, 07/06/2023
New to Real Estate Investing and don't know where to start
Hello, my name is Matt Howard and I have been watching/reading as much material online as I can to better prepare myself for getting involved with investing in real estate. I have a very good job that brings in $270,000/year gross and my wife brings in $104,000/year gross. I just bought a 2/1 house with my wife in Los Angeles for $1.2 and my plan is to add a bed and bath to make it a 3/2, refinance, and turn it into a rental property with a monthly of $6,800. My wife's family lives out in Louisville, KY and I have been checking out the Multi Family properties out there and other cities to see what the situation is like and there are a ton of affordable properties, but need to get in touch with a realtor out there to better know the areas to invest in/avoid.
My head is spinning with all of the information I have been intaking and don't know where to begin. I feel like I need to find someone like a mentor help walk me through this process. Any advice for me? I would also love to hear people's paths towards financial freedom and how they got started. Sorry for all of the numbers, but I just wanted to give specifics. Thank you!