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Updated over 2 years ago on . Most recent reply

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Hyeonji Oh
  • Bay area in CA
13
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17
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Multi family cash flow in San Jose

Hyeonji Oh
  • Bay area in CA
Posted

Hello,

I am reading a Multi-family millionaire book right now, I am curious if it is possible to make cash flow in San Jose by living in a multi-family unit and renting out another. It is ideal to build up an asset as the book says but the house prince is insane in San Jose!

Currently, I live in San Jose and work in Silicon Valley. I don't have a primary home or investment property. If househacking is possible I would rather buy my primary house using a low down payment for first-home buyers than invest in other properties in Sacramento, Modesto, Fresno, etc. Any advice is welcome! I feel I am lost and don't know what I should do. 

Most Popular Reply

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831
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Nadeem Alamgir
  • Real Estate Agent
577
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831
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Nadeem Alamgir
  • Real Estate Agent
Replied

Hey Hyeonji, would you consider investing out of state? The market I focus on is Cleveland, Ohio, and it's a great market for multi-family cash. You might not be able to house hack all the way from Cali, hahah, but you can find off market deals here that are hitting the 1% rules and higher.

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