Second Deal in Expensive Market

[Ashley Obasi]

I recently bought my first condo as my primary residence using low money down. After putting some money aside for reserves I have about $30k to invest into my second deal. Not sure on what my next step should be and I would love to hear what other people are doing that live in an expensive market, Orange County/ LA specifically. 

I have been debating waiting a year to qualify for another primary residence loan in California where I could buy with 3.5% down or if I should invest out of state in a new market. 

My OC people, where are you investing?