Looking to House Hack a Duplex in Southern California

[Destin E. Thomas]

Hey everyone,

I'm in the process of trying to house hack a Duplex in southern California (my first investment property) and haven't been having much luck on the MLS, so figured I'd try BP!

• I'm pre-approved (with proof-of-funds) for financing up to $675k - $700k (depending on the property)
• Credit Score: 790 (average of 3 credit bureaus)
• FHA approved at 5%+ Down Payment
• Looking for units with minimum 2 bed, 1 bath
• Preferably Class B neighborhood (Class C doable as well if necessary)
• Only looking for cosmetic fix-up or better condition (no fixer-uppers)

Thanks!

[Chris Collins]

The FHA financing on an offer could be a non-starter to some sellers. You may want to try targeting properties that have fallen out of escrow at least once and offering a high earnest deposit and/or appraisal gap to show you're serious. I'm up in LA, but I've been seeing a few duplexes in your price range go in and out of escrow. They all need work/rent increases, but not necessarily a full rehab.