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Updated over 6 years ago,
Newbie Looking for advise
Hi,
I am Kevin.
I don't own any real estate yet but I am looking to make my first purchase in the next year. I am looking into out of state real estate because I live in the Bay Area in CA and things are way over priced here. I am in the middle of David Greene Book "Long Distance Real estate Investing" and loving it. I am thinking of buying a multifamily duplex or triplex to start out. I have been considering just paying all cash for my first unit. Not sure if this is a wise mover or not. I can see the upsides of no debt and a lot less risk, with higher Cash flow every month but not sure if this is a mistake and I should take the money I have and try to buy a couple places at the same time and finance them. looking for advise from experienced investors out there.