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Updated almost 6 years ago on . Most recent reply

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Roxann Bernal
  • Los Angeles, CA
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Best type of properties to invest in as a beginner.

Roxann Bernal
  • Los Angeles, CA
Posted

Being very very new to all this. I have always been a fond of real estate. After doing some reading and research on real estate investing. I really became a fond of investing in rental property invest.

Want to know what type of properties is best fit to start. Should start with looking to purchase single family homes, multi family, etc?

Thank you!

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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

Hey Roxann, I'm local in LA too (Venice). What properties to start with 100% depend on your goals. You have to know those first and then you can pick through all the different options and see what fits. 

This is an old article but kind of talks about what you're asking, although more broadly about strategy rather than property specifics-

https://www.biggerpockets.com/blog/2013/10/26/inve...

I kind of assume you're talking about rental properties? But either way, then for out-of-state buying, that completely depends on what kind of properties you buy. Like if you go the turnkey route, most everything is done for you by experts so those are really easy to do being out-of-state. If you're taking on higher risk properties or rehabs or something, that's a different animal. But with any of them, it comes down to who you have on your team to deal with them.

I went out-of-state for my first properties (actually I went out-of-country for my first one but that went bust) and it worked fine. I did the turnkey route, and still do, but it's definitely doable if you have the right resources and education.

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