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Updated almost 9 years ago on . Most recent reply

Just relocated to L.A.
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

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