What should I do?

[Spencer Wardwell]

Hi everyone!

New to the bigger pockets community by way of the podcast.

Right now I'm looking for a buy-and-hold investment property in the West, Central, or the Northeast Los Angeles area and was wondering if anybody had any advice?

My ideal would be a moderately distressed home 3+br 2+bath for <$500K. Is this possible, even with it being distressed and having a motivated seller?

Also, I have about $10K put aside as for retirement (so not included in cash for down payment + renovations needed for aforementioned LA property).

I was wondering the best way to invest this $10K? Right now, it's in a stock portfolio, and I'm lucky to see 3% returns. I'd like to use this money to find a wholesale investment, or possibly a turnkey buy-and-hold investment.


Anyway, I just wanted to introduce myself, and ask for advice re: finding an LA home, and learning what my best options are to invest $10K in REI.

Thanks!