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Updated about 7 years ago,
New Member in Los Angeles - Looking for advice and to learn
Hi Everyone,
I am excited to join the site and delve in.
I work in non-profit finance and currently rent with my spouse. I feel like I'm totally priced out of the L.A. market and currently rent two miles from work and bike most days. I am considering purchasing an investment property home in Bakersfield to at least build up some equity with someone else's money while I have to rent.
I'm not sure if this is the best idea or if it would disqualify me from an FHA loan for myself in the future. I also don't see how I could ever afford a duplex etc. that everyone seems to be talking about at the prices they go for here and considering my current, meager nest egg.
Looking to learn and appreciative of any and all advice.
Thanks!