All Forum Posts by: Daniel F. Harb

Hello Bill Larsen! Yes, that exact condo has tenants in it now at $1,350.00 a month, but I spoke to a few Police Officers today about that area of Santa Ana and they said, trust us, you don't want to live there. You have to pack your Sig Sauer .45 just to be safe.

No thanks.  :)

Best to you! $$$

Hi Jerome M. No, I think by the time I finished writing that post, I was thinking "Forget it". Not only is it in a gang area in Santa Ana (Hence, the $250K price), but once I left and it was a full rental, it's doubtful that it would drive more than $1,400.00 a month rent. So, from the get~go as a full rental, I'm $400.00 bucks in the red, monthly. Forget it. 

Thanks for your input!  :)

Hello BP Members! Question: I am looking to HouseHack in OC, California, and here are the stats: Purchase price of $250K(ish), FHA with 3.5 down (@$8,750.00 Cash to close.), @$1,850.00 Mo Pmt. Incl. $250.00 HOA. I would rent the 2nd room for around $700.00(?) and my portion of my mortgage would be around $1,150.00. I don't mind my portion of the mortgage, my thoughts are when I move out and this will be a 100% rental, I don't imagine I would get more than $1,300.00~$$1,400.00 total rent. I would be at a negative $440.00 monthly.

I don't think just to get my "Househack" it would be worth it, right?  I would really appreciate all thoughts on this potential property.

Thank you very much in advance .

Cheers!  $$$ 

Excellent. Thank you for your time and advice, Dominic. :)

Wow, I don't mind overkill for protection! I'll have to do my due diligence. Thank you, Dominic!

Thank you so much for your expertise, Brie. Really appreciate your time. I'm going to have to watch your podcast today in between patients. Hope the ER is slow!

Best to you!

Thank you,  Dominic R.!

Best to you.  $$$

Ah, duly noted. Thank you kindly, Brie. Would you suggest an LLC even if one had 2,3, or 4 units?

Thank you!

Twana R., I will PM you later in the day, if I might, I am at the hospital in the ER working right now. Thank you for your response about "Hacking" in OC. Thanks for your kindness. 

Your points are well taken!

(Unlike other points!  Ha!!!)

Best!  $$$