Starting out in real estate

[Stacy La Pineda]

Hi Everyone!

My name is Stacy. I am new to BiggerPockets. My husband and I are interested and starting to learn about real estate investment. We would like to purchase a single family home out of CA as it it too expensive here. We have two beautiful kids, Jordan and Hanna. Our income is not sufficient for us to take care of our family so we would like to get into real estate to help us build wealth for retirement and college funds for our kids. We have been listening to BiggerPockets podcasts and would appreciate any mentor or advises we could get from this group. Our family truly appreciate it. Thank you! 

[Jamaal Johnson]

Stacy, Welcome to BP! One thing you guys should pursue is a duplex-quadplex investing as this will give far greater Return on investment. With single family you have one unit supporting one mortgage, With a quadplex that's 4 units supporting the paydown of one mortgage. Not only will this put more money in your pocket, but depending on your goals, you can paydown the debt far faster with this method. Indianapolis & Philadelphia have properties ripe for the picking right now for rentals, and appreciation in those areas may be substantial in the near future.

Good luck