Amazing 2 years, want to keep the ball rolling now in RE.

[Angel Jose]

Hi everyone -

I've been lurking here and reading as much as I can. Thank you all for such an amazing community!

So a bit of background, I grew up helping in my father's construction business, then opened up a car dealership but hit hard times about 2 years ago. I decided to follow one of my passions which is in tech, and became a software developer.

I work at a great start-up, and just recently got promoted to a six figure income. Along the way, more importantly than any $ I focused on my health and in the last 7 months I've lost 70 lbs. Needless to say, I feel amazing.

But now I've really been thinking on "what next?". And I think I'm in the right spot to make some solid steps to secure my family's financial future.

RE: Real Estate

I've done about 10-15 rehabs / flips with my dad about 10 years ago in california (Los Angeles). It went well, but we never reshifted strategies here and that well dried up. My dad still is a contractor in LA and currently picks up rehab jobs for investors.

I'm really looking more for a slow and steady approach. My monthly living expenses are relatively low, my wife brings in some extra income as well and I'd rather not throw my $ at a mutual fund and cross my fingers for the best.

My current thoughts are investing in a 4-unit, although I can't decide if local is a good idea or not. The LA market is expensive! I've seen some interesting posts about going out of state, and I'd be interested in pursuing that avenue.

Locally, I was thinking maybe Boyle Heights? Any thoughts on that. Or out of state suggestions for someone in my boat?

Anyway, this got long very quickly. Thanks to everyone in advance!