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Updated over 8 years ago,
California, Inland Empire; looking to make my first investment
Hi readers, I'm a 26 year old guy in Southern California's Inland Empire region, Corona to be exact. I recently began renting a unit in a five unit multiplex and somehow want to talk my landlord into selling me the place, where I would continue to live for free and collect rents! I estimate the property to be worth around 500-600k. Unfortunately my monthly income is 2-2400k. I think I would be lucky to qualify for a loan of half the amount of what I estimate the property to be worth.
So as of now I'm saving (5k now), keeping my credit score in the "excellent" range and trying to learn new ways to fund my first investment even if it isn't purchasing the multiplex I live in now.