Long Beach

[Tarquinn Curry]

Is anyone hear doing some investing in the Long Beach area of California. If so, what do you think of the current market in this area? I am looking to invest in a multiunit (between $550,000-$650,000) or even a single family (300,000-400,000). My goal is to utilize an FHA first time buyer program and only pay 3.5%. My real estate agent told me that it can be more difficult to purchase a good cash flowing multiunit in long Beach with an FHA loan since I'm competing with people who are willing to put 20% down. Does anyone with experience investing in this area (or within a 20 mile radius of Long Beach) have some perspective?