All Forum Posts by: Vinay C.

@Account Closed Curious to hear how your story turned out since you made your comment a year ago. I am looking for a loan with a low downpayment as well and wanted to hear your progress. Thanks

I went the first route and bought a duplex. This was 2 separate houses on the property. So we rented the back house and live in the front house. We started Airbnbing the back house as a trial starting this year and it hasn't been too bad so far. It covers most of the PITI. I have to take care of the taxes and expenses which isn't too bad.

I would look at North Hollywood, Burbank, Glendale areas. I have seen some duplex and triplex where the numbers are not too bad. 

Following 

Hi @Vipul Patel,

I purchased a duplex in North Hollywood and posted an analysis of my purchase here. https://www.biggerpockets.com/forums/223/topics/575632-closed-my-first-house-hacking-deal-in-los-angeles-la-part-1

Hope this helps. If you have any questions, feel free to reach out. 

Cheers

Vinay 

If you don’t mind could you also shed light on the different variables you took into account. 

Thanks

Vinay 

 @Antoine Martel how did you land on those 4 cities? 

I am in LA in North hollywood. I recently did a deal in LA but exploring opportunities out of state right now. 

@Nicholas Haynes @Ned Carey

I am at a seminar for Prosource tax lien. They have a 3 day program for $600, which I don’t care for but they have a site that gives you access to the county records in a more readable format. Alleviates the issues of going through the county records and trying to find addresses. I was wondering if any other site does that? This site also lets you buy liens online on their site. NOTE - they don’t own any of these liens, they are just showing them on a site in a more comprehensible way. 

@Scott Morongell That's fantastic. Would like to connect and hear about you got started if you don't mind sharing. Cheers