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Updated almost 8 years ago,
I have 200k to invest
Hello everyone my first post here!
I have been doing a lot of research on real estate investing reading books, podcasts and of course bigger pockets! multi family properties is something I want to focus on.
I have made a nice amount of money in music production and currently have 200k just sitting in my bank account ready to be worked.
I live in the suburbs of Southern California but as most of you know it's one of the most expensive states in the country.
Investing out of state is very enticing since it is way cheaper to find a fourplex for half the price I would find here in California.
I don't plan on using all my money on one property. But I'd like to know how I can use my 200k to get 2 fourplexes or 1 fourplex and 1 duplex.
Could I just put 2 down payments and let the units pay them selves out?
Are there any investors out there that can give me any advice on how to go about this and any cities/areas you recommend I look into?
Thanks a lot!!