Journey to my first home/investment property

[Abel Sanchez]

Hello everyone, my name is Abel Sanchez and I'm from Compton California, I just recently decided to pick up a book by BP and found it quite interesting. from what I have learned so far I have a plan and I would love to see what other investors think of this plan, would really appreciate what you guys think.

So I have good credit a stable job but I don't own a home, I rent a small place and live with my wife and two kids. I been thinking of getting money out of my 401k retirement account and then ask my RE agent to see if he can find me a distressed duplex and finance it under the 203(k) loan. Once that duplex is habitable I cant rent the other half while I live in one. thanks for reading my post let me know what you guys think.