First time home buyer

8 Replies

Originally posted by @Alex Mondragon :

130k available; preapproved for 550k, trying to house hack a single family or multifamily; Los angeles area preferred. Where can i acheive this?

 I just searched Zillow and there are approximately 550 listings priced below $500,000. If you look at only multi-family, there are 15 available and they look ghetto.

Maybe you should start by researching what areas you do / do not want to invest in to narrow the field. Your question is too vague to garner any assistance.

Hi @Alex Mondragon , great question. If you're flexible on the SoCal area there are plenty of options. If not, like Dan mentioned, a condo is your best bet. I'd also like to add that you should talk with your lender to see if you qualify for a higher purchase price when considering a duplex. My team primarily works with new investors/house hackers/etc and the lending team I use does this all the time. I can put you in touch if you'd like.