Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

73
Posts
22
Votes
Cerwin Haynes
  • Syracuse, NY
22
Votes |
73
Posts

Just relocated to L.A.

Cerwin Haynes
  • Syracuse, NY
Posted

Hello. I'm reaching out to Los Angeles members on this one: I just relocated to the area for job and girlfriend purposes. I own a 2-unit back in Syracuse that I'm keeping (because it's helping me afford LA; Lord knows this job alone won't cut it, lol). I'd like to know the lay of the land here in terms of whether the you guys invest here or in cheaper markets (like Syracuse, lol).

I absolutely want to continue investing in Syracuse, but my girlfriend (aka my future wife) wants A. In on the action, and B. Wants us to get a house out here (her mom is an agent) and is working on improving her credit so she can go FHA or Freddie/Fannie. I've convinced her that our house here needs to be a duplex so we can have a tenant cover most or all of our PITI.

Should I wait to help her with getting a house here before continuing to invest? Should I try and find a way to do both at the same time (find a local partner in the Cuse)? 

Most Popular Reply

User Stats

90
Posts
30
Votes
Cory Finniss
  • Rental Property Investor
  • Raleigh NC
30
Votes |
90
Posts
Cory Finniss
  • Rental Property Investor
  • Raleigh NC
Replied

if you like cash flow continue to invest in the cuse. Definayely stay with a duplex and consider a 203 k loan of you are familiar with that.i did that with my first home and now have 72k in equity. The catch is you have to occupy the home for 2 yrs

Loading replies...