All Forum Posts by: Adolfo Lopez

@Charles Cooper

Thanks for your input. Yes, making my first purchase here in LA would be a good idea just so I can learn the whole process first. I have heard you find better deals and cashflow out of state but I've held back because I don't know the details about out of state. And yes, I do plan on making my first one FHA with 3.5% down.

Hello BP members, I am in my 20s still living at home in Los Angeles and wanting to start in real estate. I have excellent credit, cars paid off, 180k in savings, Zero debt, and do not want to depend on a 9-5job. My question is what route do you guys recommend in my situation. Should I buy a 4plex and live in one? Or keep renting and invest my money out of state? Crowd funding? Giving the current uncertainty of economic situation, should I wait a few months and see what plays out? My goal is to generate wealth to where I can live off of real estate and not HAVE to work a regular job. Hope to hear some great options