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Updated about 4 years ago on . Most recent reply

User Stats

67
Posts
35
Votes
Marcos Gonzalez
  • Lender
  • Auburn, AL
35
Votes |
67
Posts

Finally saved up enough

Marcos Gonzalez
  • Lender
  • Auburn, AL
Posted

Hello BP,

I think I have some capital to work with, to either put 10-25% down on a home. Im also a loan officer working for a lender here in CA where I would get my financing through. The problem I am running into I don't know where to start, I'm thinking of investing somewhere outside of CA because it so expensive here. At the same I have no clue how other markets are doing. I also feel a desire to invest in Auburn Alabama as my girlfriend is from there and they invest in that market. Any markets you guys would recommend that would be a good place to start?

Most Popular Reply

User Stats

26
Posts
14
Votes
Dave Gallogly
  • Real Estate Investor
  • Saint Paul Park, MN
14
Votes |
26
Posts
Dave Gallogly
  • Real Estate Investor
  • Saint Paul Park, MN
Replied

I guess I am alittle on the conservatives side and want to be able to see my investments.  I know many investors are doing deals allover the country with success, but being a newbie I would make sure your first deal is a success. to many investors jump into things and either lose money or have a terrible experience then get out of real estate.  I don't know how to make it work in CA (I live in MN) but maybe the Auburn area would work if you planned on visiting there often to keep your eye on the property.  

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