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Updated almost 4 years ago on . Most recent reply
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SoCal newbie investor here!
Good morning/afternoon BP family! My name is Margo, originally from Portland, OR but currently reside and own a townhome in Anaheim, CA. I have been reading posts in the forums for awhile now, and figured I would say hi.
I am new to the REI world, although I have owned and sold several residences that I lived in as my primary residences, so buying property is not completely foreign. I have been reading books and posts here, and trying to soak up all the knowledge and experience like a sponge before I commit to anything. My goal is to get into buy and hold 2-4 unit multi-family rental(s) by EOY, but I havent quite settled on where yet. I have been looking at places back home, but I cannot for the life of me get any of the numbers to work out when doing analysis on properties there due to high prices and super high property taxes. Im a little nervous to look too far away on my first venture, but may have to do that.
Any advice or feedback is welcomed with open arms. Have an amazing day!!
Most Popular Reply
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Hello Margo! I'm in the same boat as you. Numbers don't make sense but over the long run they will. That's why a lot of people like buy and hold investments. I'd say either keep looking and don't worry about time, or pull the trigger on something that doesn't necessarily meet your criteria and try your best to make it meet your criteria. In years down the line you'll be glad you got started.