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Updated almost 11 years ago on . Most recent reply

User Stats

28
Posts
4
Votes
Rizwan Alam
  • Moreno Valley, CA
4
Votes |
28
Posts

Hello from Cali - Small Investor

Rizwan Alam
  • Moreno Valley, CA
Posted

My name is Rizzy and I recently found BiggerPockets and have quickly fallen in love with it. I have always invested all my life but never in real estate. I want to buy wholesale properties, hold and rent them out.

I live in California but the primary state I want to invest for wholesale properties is Jacksonville, FL. This year has been good to me and I don't want to waste the earned money and want to purchase multiple rental properties in range if 15-25K

I was about to purchase a duplex at a very good price of just 20K in Jax, but me being a first time buyer I wanted to actually physically go there and buy it. In that process someone else purchased it :(

I'm looking at a very small property that is on sale for only 12.5K . This is not a really good property, it's ugly in fact but they claim that it has a tenant for 10 years paying $450 a month. Should I blindly go ahead and invest in it, this time without even visiting there?

Thank you so much for taking the time to read and considering responding.

-Rizzy

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