All Forum Posts by: Anthony Salazar

 Sending you a DM :) 

Thought I'd share what I dug up, in case any other investors are interested.. Per the city's website, an owner occupied duplex is exempt from the Santa Ana rent stabilization ordinance. Posting the link to the city's website where I found the information.

I'm looking at purchasing a duplex (owner occupied) in Santa Ana, CA. The unit that we will move into will be delivered vacant. The other unit will stay rented to the tenant that has been there for 12 years. The second unit is well under market rents and they are on a month to month lease. What are my options, if any, to be able to get the second unit closer to market rent?  

Hi @Susan O., I know this is an old post... But I'm looking to purchase a duplex (house-hack) in Santa Ana. I understand there is now rent control... Do you have any recommendations where I can find more information on it? 

Thanks everybody for the great comments!

I’m currently looking at a nice duplex in good area in Santa Ana, CA. The idea is to house hack. The rent won’t cover the mortgage but it will definitely help. The mortgage on the property would be significantly more than what I’m paying in rent right now. This said, I’ve always wanted to own a home and was one of the first time home buyers that got out-bid a dozen different times during the crazy 2020 bidding wars. 

The options I’m considering are: buy this house hack and increase my housing expense (even with the rental from the second unit) or save the cash I have, keep a cheaper living expense, and keep saving  each month to invest out of state. I’ve started building my team in Cleveland with this strategy in mind, but I’m wondering what you all would suggest? 

I understand this is very subjective and probably not enough details but essentially house-hack for a year or two (with an increased housing expense) or continue to save cash and invest out of state. I’d probably keep the house as a rental after I move out. 

PS, I recently got my realtor license so I if I purchase in CA, I would be able to get almost all my down payment back, which I’d like to then invest into out of state rentals. 

Thanks! 

@Scott E. Are you still actively doing flips with the economy shifting and if so, how does that effect how you run your #'s? 

Interesting.. Would definitely be interested in learning more!

@Jeremy Lai I'm curious. With the market shifting, (and this may be too general of a question), what % of ARV are you looking to purchase your flips at, in Orange county?

Hi Jeff, I don't have any experience with property managers in San Diego but I am curious to learn more about your deal. I have focused on investing out of state but am starting to look for opportunities in southern California and would like to see how others are doing deals here. If you ever need any help in OC, happy to help out! Good investing!