Looking to House Hack in Los Angeles Area
Hello! I'm waiting for escrow to close on my condo and my husband & I are looking to house hack in Los Angeles using the equity I gain from that plus what we have in savings. He is a Fix & Flip underwriter and I work in analytics in Culver City currently. Our goal is to house hack to start saving money faster so that we can start our BRRRR investing. There's a few neighborhoods/cities we are exploring including Mid-City, Culver City, Torrance, and Long Beach. Our goal is a triplex but we are new to multi-family so looking to network and learn as much as possible about strategies to buy in this area and what to avoid. Any feedback or help is welcome.
Most Popular Reply
Hi @Crystal Smith,
Congrats on nearly closing on your condo and welcome to Bigger Pockets! House hacking is a great way to leverage both your need for shelter as well as investing and building equity here in the SoCal market. It's great your husband is close to the industry. With rates just dropping a bit it's a great time to be looking at multi-family. There are a lot of variables involved in finding a good investment, but location is a good place to start. Besides working with a lot of investors myself, I can also introduce you to an investor friendly lender in the event you'd like to talk more strategy. Hope this helps!