Unemployed and Ready to Invest?

[Nick C.]

BP,

I bought my first home a few years ago in Orange County, Ca, and recently sold it. Unfortunately, the company I worked for laid me off recently due to COVID cutbacks. So, my plans have changed.

Currently, I'm cash-heavy from the recent sale, and I feel that house hacking a small multi-family is a great way to start for me. But, I'm not sure if it's realistic for the following reasons:

1) Can I secure financing without employment? If so, how?

2) Is Los Angeles, Ca, a profitable small multi-family market for a new investor? The purchase prices are so high that I'm discouraged

I am looking forward to the discussion and learning from the BP community. 

Thanks, 

NC

[Joe Homs]

@Nick C. 1. Probably not. 2. California is a very difficult area to cash flow.

I would concentrate on finding employment right now.

Good investing...