Im looking to move out this year and house hack my first property

[Joshua Piche]

Im looking to move out this year and house hack my first property 

I’m 24 debt free still living with my parents . With the money from my savings and stocks I have about 100k . 

I know LA is expensive so I’m not really sure what/ where I could even afford. I’ve been wanting to speak with someone about that but I’m not sure who would be the right person to ask ( real estate agent , broker etc) . 

Lastly this is my first post here so apologies in advance if I posted this wrong or in the wrong place 

[Julia Lyrberg]

Hi Joshua! $100k is a great start, but in LA, it won't go very far, especially if you're looking to buy a duplex. Even with an FHA loan, the mortgage on a property there would be pretty high, and it might not be the best investment right now. You might want to look into investing out of state where your $100k will stretch a lot further. That way, you can get your foot in the door, start building equity, and stay at home a bit longer to save more money.

You could also consider the BRRRR method where you buy a fixer-upper, rehab it to add value, rent it out, and then refinance to pull your cash back out. It's a great way to make your money go further, build wealth, and learn the ins and outs of real estate investing along the way. Good Luck!