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Updated over 6 years ago,
New investor from Los Angeles trying to find 1st deal!
Hi BP community.
I've been listening to the podcast and reading the forums on BP for the past 2 months and just wanted to say all the information found on this site is priceless!
I know I am not the first person asking these questions, but here we go (and I apologize ahead of time if I'm not asking the smartest questions):
-for anyone living in the Los Angeles area, does it make more sense to invest closer to home or out of estate? for example, is it better (to buy and hold/cash flow) to buy a turnkey duplex in Memphis or a SFR somewhere in Inland Empire?
-If I decide to live in my first purchased property and stay close to LA, would you recommend buying a duplex/triplex and I live in one of the units and rent the others, or buy a SFR and live in the back house and rent the front?
-Can I use an FHA loan for a duplex/triplex if I live in one of the units?
Any feedback would greatly be appreciated!