Suggestions for my marketplace
Hello, this is Robert and I'm new to all of this as a 19 years old, with a small budget. I live in the Palm Springs, CA area and was hoping to invest somewhere in that area(just about all of riverside county).
I was looking to hear from experienced fellows in my area by suggesting what strategies are good for a young adult starting out with a small budget or maybe if i should look out of state. I thought of house hacking which I heard is hard in California. Any suggestions and comments are very well appreciated.
Thank you for your time.
Most Popular Reply
Hey Robert, welcome to the forums!
I'm a little biased, but I think house hacking is a great way to start. I'm not sure what your budget or employment history looks like, but assuming you're able to qualify for a low down payment loan, you should be able to save on what you would ordinarily spend on rent, even if you're not able to fully cover the mortgage. And you'd get amazing experience along the way. Best of luck with however you decide to proceed!