All Forum Posts by: Ian Viray

Currently looking for owner-occupied loans, but I have no idea where to start looking. Any advice on how/where to conduct my research? 

Please and thank you!

Hello,

So I currently live in San Diego, CA and I'm looking into investing in real estate. I have two options right now: first option, I can afford to buy a condo this summer with at least a 5% down payment and I plan to live in it for 1 year then rent it out. Second option, I plan to save as much as I can for one year (on target to save at least 22k by Summer 2019) to have enough down payment for a multi-family home.

My goal is to build enough passive income a month in order to quit my job. So, which is the better option right now? Are condos good for starting out so I can start building equity? Or would it be better to save up for a multi-family home?

-Ian

Hello,

So I currently live in San Diego, CA and I'm looking into investing in real estate. I have two options right now: first option, I can afford to buy a condo this summer with at least a 5% down payment and I plan to live in it for 1 year then rent it out. Second option, I plan to save as much as I can for one year (on target to save at least 22k by Summer 2019) to have enough down payment for a multi-family home. 

My goal is to build enough passive income a month in order to quit my job. So, which is the better option right now? Are condos good for starting out so I can start building equity? Or would it be better to save up for a multi-family home?

-Ian

Hello everyone,

I am new to this blog and I am looking for a direction to start in real estate investing. Which resources should I consume if I want to learn how to invest in real estate or to learn about the real estate industry in general. 

Would it be necessary to study for a real estate license to gain more knowledge of the industry? I also thought about reading books, but I don't know which one to pick up first. I would appreciate any recommendations!

Thanks in advance!