Newbie from California

[Chandler Canepa]

Hello BP!

28 year old Newbie from California here... Currently residing in Southern California; however, I was born and raised in Monterey, CA. I purchased my first property (2 Bed 2 Bath condo) in Temecula, CA in 2014. I have always been interested in real estate investing so I joined the BP community to reach out and network with fellow investors. My first purchase has appreciated fairly decent (~50k in equity) over the past few years. This has really got me fired up and anxious to learn more about REI.

I am interested in learning more about purchasing multi-family units in California; although, prices are a bit high right now. I'd love to hear any advice or recommendations from investors who have much more experience than I do. Thank you!

[Ali Boone]

Hey Chandler! Well it depends on what you want to do or what you want to accomplish with a property in terms of what people can recommend. If you want straight cash flow, that's one thing, if you prefer local hands-on and that's more important then that's another thing, appreciation is another (prices are high right now, yes), do you want to landlord or are you cool giving up that job to someone, etc. And by MFR, do you mean residential MFR (2-4 units) or commercial?