Los Angeles Multifamily House Hack

[Christopher Boshae]

Hey everyone! So I know that the Los Angeles area is notorious for being "impossible" to cashflow. However, I've learned that some people have been able to cash flow with turnkey properties that are small multifamily. Does anybody have any advice, as to how one could accomplish this? I've been analyzing some properties and the numbers still don't work out.

[Su Pak]

I was considering house hacking in LA and I couldn't make the numbers work, either. Plus, I couldn't beat out the cash offers on the properties where I could make it work. I made 10 offers in four months (all in South LA) and 9 offers were all beat out for cash offers at well over asking price. I did get one offer accepted but I backed out b/c the numbers still didn't make sense. I decided to focus on a slightly more affordable area (Inland Empire) and partner with my brother to make it happen.

Like @Aaron K. said above, you may need to adjust your expectations and strategy. Good luck!