Have you House Hacked in LA?! How’d it go?!

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  • Josef Hardi
    Investor · Member since 2021 · 73 posts · 48 votes
    4y

    Hi Peter, 

    We really wanted to find a property to house hack. But came across a couple of issues:

    Property prices are so high, we would use significant capital towards down payment. It would leave us at a very tight budget for renovation costs. 

    Plus we currently do not have connections with contractors, and therefore we don't have a way to accurately budget the costs or time. 

    In the end we decided to pursue a duplex in South Bay that is move in ready. Would be interested in others experiences as well.

    2Reply
  • Vinay C.
    Realtor · Los Angeles, CA · Member since 2016 · 100 posts · 38 votes
    4y
    Quote from @Josef Hardi:

    Hi Peter, 

    We really wanted to find a property to house hack. But came across a couple of issues:

    Property prices are so high, we would use significant capital towards down payment. It would leave us at a very tight budget for renovation costs. 

    Plus we currently do not have connections with contractors, and therefore we don't have a way to accurately budget the costs or time. 

    In the end we decided to pursue a duplex in South Bay that is move in ready. Would be interested in others experiences as well.

     @Peter Williams @Josef Hardi

    Hey Peter / Josef,

    I house hacked 4 years ago. It has been great and definitely recommend this approach to everyone. Here’s the link with all my numbers for the house hacking.

    https://www.biggerpockets.com/...

    Having been successfully navigated this, I got my Real estate license to help more people. I also helped clients already with their house hacking journey. I recently helped a friend find a duplex as well to house hack and build equity faster.

    If you guys are looking to buy, want to brainstorm and are looking, I can help you with it. 

    All the best. Let me know if you have questions. 

    Cheers

    Vinay 

    1Reply
  • Peter Williams
    OP
    Member since 2022 · 7 posts · 1 vote
    4y
    Quote from @Vinay C.:
    Quote from @Josef Hardi:

    Hi Peter, 

    We really wanted to find a property to house hack. But came across a couple of issues:

    Property prices are so high, we would use significant capital towards down payment. It would leave us at a very tight budget for renovation costs. 

    Plus we currently do not have connections with contractors, and therefore we don't have a way to accurately budget the costs or time. 

    In the end we decided to pursue a duplex in South Bay that is move in ready. Would be interested in others experiences as well.

     @Peter Williams @Josef Hardi

    Hey Peter / Josef,

    I house hacked 4 years ago. It has been great and definitely recommend this approach to everyone. Here’s the link with all my numbers for the house hacking.

    https://www.biggerpockets.com/...

    Having been successfully navigated this, I got my Real estate license to help more people. I also helped clients already with their house hacking journey. I recently helped a friend find a duplex as well to house hack and build equity faster.

    If you guys are looking to buy, want to brainstorm and are looking, I can help you with it. 

    All the best. Let me know if you have questions. 

    Cheers

    Vinay 

    This is great! Good for you, fun to read your story.
    0Reply
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