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Updated over 5 years ago on . Most recent reply

User Stats

9
Posts
4
Votes
Ibrahim Ramadan
  • Santa barbara
4
Votes |
9
Posts

Moved to California from Ohio- advice on duplex, triplex

Ibrahim Ramadan
  • Santa barbara
Posted

Hello, I am a single first year pharmacist with no kids who recently moved to California from Ohio. I am currently renting an apartment for 2035$ a month and I have currently saved around 40k. I am debating on investing into a duplex, triplex or something even bigger and live in one of the units. I figured if I am paying 2k + for rent I could create a cash flow opportunity plus live for basically free off other renters.

However, I am new to real estate and property is very expensive in Santa Barbara, California... can anyone offer advice or refer some good books, mentors or blogs that could help prepare me on what to expect or what to look out for?

I would appreciate any advice

Thank you,

Most Popular Reply

User Stats

218
Posts
49
Votes
Jose Guevarra
  • Real Estate Agent
  • Mira Mesa, CA
49
Votes |
218
Posts
Jose Guevarra
  • Real Estate Agent
  • Mira Mesa, CA
Replied

If you already requested a transfer to Oceanside shouldn't you be looking for a multi-unit in North San Diego County?  Besides there's way more multi-unit inventory down in Oceanside than Santa Barbara.

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