All Forum Posts by: Peter Kang

Hi everyone! 

My name is Peter, and I just started my real estate investing journey today. I’ve been listening to the BiggerPockets podcast for a while, and it’s been incredibly eye-opening and motivating.

My goal is to start with a small multifamily property (duplex, triplex, or fourplex) where my wife and I can live in one of the units and rent out the others to offset our mortgage. Ideally, we’d like to make it our primary residence for at least a year before potentially moving on to the next one.

I’m focusing on the Los Angeles, Orange County, or Long Beach areas. I know these markets can be tough to break into, but I’d love to hear from anyone who has experience house hacking or investing locally — especially around financing options and finding investor-friendly agents and lenders.

For context:

• Credit score: 760+

• Down payment: around $45K

• Goal: owner-occupied small multifamily

Is this even possible in these markets right now? And if so, any recommendations for lenders or agents who work well with first-time investors would be hugely appreciated.

Looking forward to learning from you all and contributing as I go!

- Peter

I want to apply for a loan, but unsure if I'll be able to get a conventional loan and insurance (flood, earthquake, fire, etc.) due to the shutdown.