Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
California Starting Out
I have been on Bigger Pockets for about 6 months now just trying to learn and take in all the info I can. I am looking to invest in the high desert of southern California in the Victorville area. I am most likely going to try and get approved from a bank or credit union for a loan. I am still young and in a spot where I would classify this as my primary and rent it out though. I want to also save for a house to buy and live in my self in about a year or two as a house hack possibly. Any advice what percent I should put down. I have not got a pre approval yet but looks like I could make it work with as low as 5% down. Should I put more? I want to get into real estate as a long term investment so I don't mind putting the money into the property and letting it sit. I live in Upland Ca and work in the opposite direction of Victorville so a house hack would not really be possible on a duplex or something along those lines at this time and location.
This would be down the road for me, but also any opinion on investing outside your region? Other states and having someone manage it?
Thank you bigger pockets community. Any advice and ideas are greatly appreciated.