First Property Cash or Mortgage

[Jack Thanadabouth]

I need some advice from experience investors. I'm a new investor that lives in So Cal.  I have 20K cash and the most I can get from a bank is conventional loan at 60K. I can't invest in California with the amount of money I have so I'm looking into the Wisconsin area where I'm originally from because it's more affordable. I don't know wholesalers and I've been looking at Remax, Zillow, ect.. I'm ready to purchase my first investment property because I need to start. Help me decide if I should buy a property cash 20K or mortgage a property at 60K. I know it depends on the numbers but I want to know what you would do in my situation. 

[Mike D'Arrigo]

@Jack Thanadabouth I'm continuously analyzing different markets. The tabe below is a summary of some popular markets. You migh want to check out some of the podcasts on my site where I talk about how to analyze a market and also the one with Jeff Pinkerton from Metro Insight who talks about where to find the data. The best sources will be the Census Bureau and the Bureau of Labor Statistics.