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Updated over 4 years ago,
Going to get started!
Hi everyone!
After analyzing houses on Redfin for a long while I am excited to get things going and start out this real estate investing journey. I live in the Bay Area, Ca and I'm looking to move out of the area (and my parents home), to buy a multi family (3plex or 4plex) so I can house hack using a FHA loan (possibly 203k).
I’ve looked all over the US in cities like Milwaukee, Houston, Indianapolis, Phoenix, Cleveland, and Portland. But after studying those areas, I’ve found some properties that would work, but I am not a huge fan of moving out of state (but not 100% against it). So I started looking into Stockton and Modesto before settling on Sacramento.
I’m still very fascinated with Portland and still considering a move there if I could find the right deal.
I’m currently in the process of getting pre-approved for a loan. I guess my main concern is moving away and starting a new life in an area that I don’t know much about. Is there anybody else that moved into their market where they wanted to invest and have any advice to make the transition smooth? Also any Sacramento or Portland investors willing to share any advice / connect?
Thanks everyone!
George Adkins