Updated about 6 years ago on . Most recent reply
House Hacking Advice
Hey...complete noob here looking to get my feet wet with investment rentals. I’m currently stationed in Japan but headed to America in March. My Fiancé and I are hoping to get started in house hacking for our first property, however, looks like we might be headed to Northern California. I have been using Zillow to get an idea of what’s available. But looks like $500-$600k is the going rate for 3-5 unit properties. I’m wondering if this a smart first investment opportunity or should we go much smaller, Or even just single family in the time being?
Most Popular Reply
@Ari Pendleton If you buy a sfh and it goes vacant your vacancy is 100%. You buy a 4 plex and 1 goes vacant, you still have 3 units to make the payments. The income generated in the multi is counted towards qualifying. It will a struggle to find cash flowing properties in CA. More than 4 units you have to get a commercial loan and most do not let you owner occupy plus the interest rate is higher.