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Updated over 2 years ago,
Not sure where to start.. how much to invest
I live in Los Angeles, and Ellena home with a rental on it. I have probably $100,000 cash available (heloc) for my first investment. The rental property could cover my house mortgage, however I’m using it to pay down heloc debt. I don’t know which type of property to start with, I don’t want to house Htach, but I would like to purchase a second property for rental. Whether it a condo or a duplex. But I feel afraid to make the first step and I’m not sure how to prioritize my goals. I have a demanding job but can make time for refurbishment‘s I have quite a design flair which is why my rental property does so well. Where should I get started? Right now I’m deep into the Podcasts whenever I have a spare time. But know that There will be opportunity in the coming months that I should prepare for now. What are the best types of property for my situation and how should I determine?