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Updated almost 4 years ago,

User Stats

5
Posts
9
Votes
Cynthia Alexandra Sanchez
  • New to Real Estate
  • Los Angeles, CA
9
Votes |
5
Posts

First Time Investor Strategy

Cynthia Alexandra Sanchez
  • New to Real Estate
  • Los Angeles, CA
Posted

Hi All,

I wanted to reach out to this amazing community for guidance on my first property.

What is stopping me from getting started and finding my first property is my indecisiveness in the strategy I want to utilize.

I live in CA and believe that I am going to have to invest out of state because I currently do not have the capital to invest in my own backyard.

In your opinion:

What would be a better strategy for my first deal? 

Should I utilize an FHA loan and purchase a multi-family home to rent out the other units or should I try and purchase an out of state home?

Also, if anyone has any suggestions on some side hustles one can do while working full time to raise capital that would be great too. 

Any advice would be greatly appreciated. Thanks!

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