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Updated over 6 years ago,
I think I know how I wanna get starting...but not really?
Hi. I live in San Diego and the cost of living here is insane. I’ve listened to BP, Grant Cardone, Phil Pusteovsky, and so on; and I’ve come away with great advice. BUT, everyone is so different in their advice for the newbie. In a lot of ways, not most ways....but my question and concerns are about my start out strategy. I’m a 42 year old stay at home mom, my husband works hard and travels a ton. I have 3 great kids. I thought, ok, do I start out trying to get the 16+ apt unit and get other investors in on it; or do I start with a duplex or 4-plex? OR, do I do what makes me FEEL more comfortable because it’s familiar; and rent out my house, buy a bigger more expensive house that has potential to rent out a little casita that’s attached to the house for added income?
What’s your advice?? I’ve got about $145K cash to work with.