Updated 6 months ago on . Most recent reply
First-Time House Hacker in LA/OC
Hi everyone!
My name is Peter, and I just started my real estate investing journey today. I’ve been listening to the BiggerPockets podcast for a while, and it’s been incredibly eye-opening and motivating.
My goal is to start with a small multifamily property (duplex, triplex, or fourplex) where my wife and I can live in one of the units and rent out the others to offset our mortgage. Ideally, we’d like to make it our primary residence for at least a year before potentially moving on to the next one.
I’m focusing on the Los Angeles, Orange County, or Long Beach areas. I know these markets can be tough to break into, but I’d love to hear from anyone who has experience house hacking or investing locally — especially around financing options and finding investor-friendly agents and lenders.
For context:
-
Credit score: 760+
-
Down payment: around $45K
-
Goal: owner-occupied small multifamily
Is this even possible in these markets right now? And if so, any recommendations for lenders or agents who work well with first-time investors would be hugely appreciated.
Looking forward to learning from you all and contributing as I go!
- Peter