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Updated over 4 years ago,

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Thinking further ahead

Trayvond Andrews
Posted

Hello BP world. I'm new to real estate world in taking action but not in research for it. I'm 25 years old living in Sunny California with a decent regular job. As we all know when it comes to investing in California it's pretty hard. I've listen to hours of my favorite Arthur Brandon Turner on house hacking and turn key rental and the brrrr strategy. One that caught my attention the most was real estate from a distance so my question to this forum is, I can't afford a fixer upper much less a regular rental property in California, I ran the number used the no calculator and still didn't make sense. So I said let me go out a little further to the Las Vegas market. I thought of purchasing a 2 bed condo for around 88k and putting a tenant inside. Realistically I say the mortgage would be paid off in nearly 4 maybe 5 years. Then, I'd pull the 75% HELOC out this condominium to put two down payments of two multi family homes in SoCal or even putting one big chunk down payment on one and doing a house hack in the other with little to no money down. Any ideas or suggestions while doing this?



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