All Forum Posts by: Cynthia Alexandra Sanchez

 Thanks for your insight Reed! I will definitely look into getting my broker's license. Seems like a great way to gain knowledge and capital simultaneously 

Hi All,

I wanted to reach out to this amazing community for guidance on my first property.

What is stopping me from getting started and finding my first property is my indecisiveness in the strategy I want to utilize.

I live in CA and believe that I am going to have to invest out of state because I currently do not have the capital to invest in my own backyard.

In your opinion:

What would be a better strategy for my first deal?

Should I utilize an FHA loan and purchase a multi-family home to rent out the other units or should I try and purchase an out of state home?

Also, if anyone has any suggestions on some side hustles one can do while working full time to raise capital that would be great too.

Any advice would be greatly appreciated. Thanks!

Hi All,

I wanted to reach out to this amazing community for guidance on my first property.

What is stopping me from getting started and finding my first property is my indecisiveness in the strategy I want to utilize.

I live in CA and believe that I am going to have to invest out of state because I currently do not have the capital to invest in my own backyard.

In your opinion:

What would be a better strategy for my first deal? 

Should I utilize an FHA loan and purchase a multi-family home to rent out the other units or should I try and purchase an out of state home?

Also, if anyone has any suggestions on some side hustles one can do while working full time to raise capital that would be great too. 

Any advice would be greatly appreciated. Thanks!

Hi Salvatore,

Thank you for sharing your impressive experience with us. You pose a great question.

What is stopping me from getting started and finding my first property is my indecisiveness in the strategy I want to utilize. 

I live in CA and believe that I am going to have to invest out of state because I currently do not have the capital to invest in my own backyard.

Should I utilize an FHA loan and purchase a multi-family home to rent out the other units or should I try and purchase an out of state home?

Any advice would be greatly appreciated. Thanks!

Hello,

I am new to the BP community but quickly indulging any advice, podcasts, books that I come across on here. I wanted to put my situation out here and gain any insight I can get. I am a recent graduate with 0 debt, $30,000 in savings, and a 700+ credit score. 

I live in Southern CA and would like to move to San Diego in the near future so investments in that area would be favorable even though it is a competitive market.. maybe long distance investing could be an option?

Any insights are appreciated!