Updated about 9 years ago on . Most recent reply
Opportunity to house hack in an up-and-coming area
I'm relatively new to BP and hopefully this type of "offering" isn't off limits. I'm an investor and have a 4-unit San Diego property under contract in a rapidly improving area. Ideally I would like to partner with a to-be owner occupant who would “house hack” by contributing $80,000 to $100,000 towards the down payment/improvements and occupy a 1 BR unit at a reasonable monthly cost that would represent a discount to what they would pay for a mortgage on an investment of the same size. The owner occupant partner would have equity commensurate with their investment. I will not occupy the property. It's an opportunity to get into an area where it would otherwise be difficult to house-hack. I'd like to talk to anyone interested.