Another new investor from California 😅...

[Travis Gregory]

Howdy BP community! My wife Michelle and I recently came across the BP website and some of the videos while researching real estate investing. Since we're not mega millionaire investors, the California market is mostly off the table for us so we decided to consider investing out of state. We are in our 40s with two incredible daughters, one of which has a very rare medical condition that constantly keeps us on our toes. We've been looking at REI as a long term way to make our family's future a little more stable and the ability to leave behind wealth and care for our daughters when we're gone. Looking forward to learning from the community and eventually finding the right property to invest in. Cheers!

[Jon Schwartz]

Originally posted by @Travis Gregory:

Howdy BP community! My wife Michelle and I recently came across the BP website and some of the videos while researching real estate investing. Since we're not mega millionaire investors, the California market is mostly off the table for us so we decided to consider investing out of state. We are in our 40s with two incredible daughters, one of which has a very rare medical condition that constantly keeps us on our toes. We've been looking at REI as a long term way to make our family's future a little more stable and the ability to leave behind wealth and care for our daughters when we're gone. Looking forward to learning from the community and eventually finding the right property to invest in. Cheers!

Hi Travis! Welcome to the community.

I'm awfully sorry about your daughter's medical condition. We're in our late 30s with one daughter in fine health, and my heart goes out to parents helping their young ones through difficult circumstances.

Have you looked into househacking a duplex in your home market? We bought and moved into a duplex last year here in LA. If you can afford a large duplex (for example, a 3/2 on either side), the income from the other side really supercharges your principal paydown and appreciation. It's a fantastic longterm hold that builds significantly equity over time. It might also lower your monthly cost of living on net. And with an owner-occupied property, you can put as little as 3.5% down on an FHA loan. Lots of options!

Good luck!

Best,

Jon