Quote from @Carlos Valencia:
Hello Anshuman,
I live in the OC area and we help many investors with financing their projects. There many ways to get started. I highly recommend attending real estate networking events to meet more people is this space and pick their brain and learn more from their projects and see what is working and what is not. If you are looking at 4plex you can enter that project with as little as 5% down if you buy it as a primary meaning you will live in one of the units. You can also just buy it as an investment property with 25% down if you have the capital to put that much down on a 1-1.3 million 4plex depending on the area. If you plan on buying these properties using a mortgage its also best to begin the pre approval process and work with an investor friendly lender to help guide and educate you what the best product might be for your projects to make sure you dont already max out your borrowing power after the first deal. You need to know how to enter the deal and how to exit so you can cover your areas and protect yourself from losing money.
@Albert Bui @Matthew Kwan
Thank you so much Carlos. This is helpful information for sure. We already have a primary home. So, house hack may not work with the family. It will be most likely be an investment. In addition, i am thinking/open too- OPM, seller financing, syndication etc too. Any guidance on that front will be helpful. I dont have a property just yet. Its still in scouting mode. I am doing some direct mail marketing in IE, LA county, Riverside county and OC county.
Coming to networking events - can you please recommend couple networking events that are best per your knowledge? It will be good to start getting facetime with knowledgeable folks such as you and others.
Again, appreciate the thoughts and guidances here.
Best regards
Ansh
