Updated almost 9 years ago on . Most recent reply
House Hacking in California
Hey everyone, I'm 23 years old and looking to get into real estate investing as soon as possible. I'm currently studying Economics at UCLA, and will be graduating in 2018. I would like to be in a position to begin REI at most a year after graduation (after graduating I plan to have a solid W-2 job which will help with financing). I have a small amount of savings (about 10k) which I'm currently working on building up. Ideally, I would like to begin house hacking because paying my current 1700 a month in rent is really hurting my ability to save and focus on building wealth. I know California's market isn't the easiest to house hack in, but if anyone has had any success or has any advice I'd love to hear it. I will most likely be working in the LA area upon graduation, so I'm hoping to find a place that is within commuting distance.
On a side note, I inherited 42.5% of a single family 3 bed 3 bath home in Santa Clarita that my sister and I are currently renting out. Just thought I'd throw this in here and see if anyone had any general advice!
Thanks in advance!