All Forum Posts by: Dan Portka

@Hansel Gunawan Yes. You could even put up a partition in the living room to make yourself a "room".. Rent out the others.

@Hansel Gunawan house hacking a duplex is a great strategy for new investors. Its definitely possible in CA because you can leverage owner occupied loan programs with low down payments as others have mentioned. Putting 5% down on an owner occupied property vs 20%+ on a straight investment will adds multiples to your returns via appreciation, its a no brainer when you do the math. Im in LA and there are several areas where I've seen people have success with duplexes and/or SFH w/ ADUs.

Hey @Brian Taylor I’m investing in both Birmingham and socal from LA. Happy to chat anytime and answer any questions you have.

@Akashdeep Kaur can you share some of the assumptions behind the 9% / 13% ROI calculation? Is this cash on cash or are you including appreciation and loan paydown?

There are a lot of B class areas that I like in Birmingham.. What price point are you looking at?

 just via word of mouth from investors and what I'm seeing boots on the ground here. If you have any specific zips I could probably pull some data..

@Jonathan J. so you have over $100K of equity in your house... You could sell and put 5% down on a socal duplex and take advantage of owner occupied loans and the great appreciation here. Perhaps buy a bit of a fixer to add value to the property during the 3 years you plan to live in it, then either sell and buy again where you move or rent out the duplex.

@Dominic B. during the pandemic when home prices were skyrocketing flippers were purchasing properties with the anticipation of the property appreciating during the time they were rehabbing it. So many people were flipping houses it got crazy - many weren't able to land deals unless they built in some of that potential appreciation into their offer. As Kenny mentioned, some flippers got burned because of it after the market slowed. Things aren't as crazy now as they've been, but I still see a decent amount of flipping going on.

@Anthony Colunga just sent you a DM

@Trenton Brown You're not going to find any small multi families in Santa Clarita. Its primarily a SFR city. If you're looking north of LA then perhaps areas around Van Nuys or North Hollywood would have more availability of small multis.

San Clemente is a beautiful area but different market than Santa Clarita, its coastal and property values are higher. For 2-4 units you're looking at properties between $1.5M and $2.5M. Its located about half way between LA and San Diego.

LA county is huge and many areas are good for small multi's and even MTRs. It just depends on what you're looking for. I'd recommend dialing into what your specific investing and living goals (assuming you're looking to house hack) and what exactly you're looking for (fixer/turnkey, duplex/triplex/quad, price range, etc).

@Account Closed In general since direct to seller marketing is a numbers game you'll want to reach out to many homeowners as possible, for that reason I've never been a fan of door-knocking since it takes so much more time. But everybody is different, try them all and see what works for you.