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Updated over 8 years ago, 03/24/2016

User Stats

6
Posts
0
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Dennis Cid
  • Long Beach, CA
0
Votes |
6
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I need help with deciding on a property!!!

Dennis Cid
  • Long Beach, CA
Posted

So I am close to buying my first buy and hold Duplex, I am just torn between buying in my home state of California or in Arizona where I have friends and family to look after the property. I am undecided because my 3.5% down here is the 20% I need to invest over there. In California I would be looking at duplexes here around 400k but they are not in the best areas and I would have to live there for a couple years before I can refinance and move out. In Arizona I would be looking at properties around $100k and would be making around $400-500 a month. My other hold up is that if I move out of the California place I would break even in the best case scenario and the Arizona property is positive from the jump. I am leaning towards Arizona but I guess I just need some reassurance. Thank you!

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