Taking Action Bay Area California

[Patrick O'Brien]

Newbie investor, longtime lurker.

What do I need to do to get the ball rolling? I'm 24 yrs old and have made some money on investing. I now have enough to put money down for a mortgage. With that being said I am self employed and have never had a good job. Finding a mortgage is going to be my biggest hurdle. I'm Located in a really competitive market, Bay Area, CA. (Homes are all over 500K) I have been researching all sorts of properties and understand bank owned properties need full cash. What I don't know is what type of properties I can get approved loans for ect. 

Where can I find good wholesalers in the Bay Area, California?

Best advice you have for a rookie that will have trouble getting a loan can put down 20%?

[Aaron K.]

You might consider buying a multifamily property with an FHA loan and living in one unit while renting out the others, it will be tough and expensive in the Bay Area, but you might be able to find something in your price range.