California Markets for Newbie Investor

[Leilani L.]

Hi! I'm super new to real estate and doing lots of research, and want to get started on investing in 2021 hopefully. I live in LA, and don't have anywhere near the amount needed to buy property here. I work remotely, so I'm looking to move somewhere else, preferably in Ca though. I'm also open to possibly Oregon or Arizona that are good places to start researching for towns that are growing.  looking for recommendations or thoughts, any advice is appreciated. :)  

[Collin Chan]

My recommendation is to read up on FHA loans so you can put 3.5% down. Then house hack all the other rooms out to cover your mortgage. With that low down you can get a nice house in AZ and find one with the most rooms you can fit (target $50k/room). You might need to convert a loft or den in the floor plan to get those rooms but it can help you cashflow!