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Ian Viray has started 4 posts and replied 4 times.

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!

0 Votes

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

1 Vote

San Diego, California

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

0 Votes

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!

0 Votes