Getting the ball rolling and taking action.

[Jon Wilson]

Hello all, I've been listening to the BP podcasts and educating myself with videos and books learning the concepts and different strategies in real estate investing for a about a year. I've narrowed down my field of interest to buy and hold investing using the BRRRR method. Multi family looks like the way to go, but I'm not ruling out SFRs at all if the numbers work. The strategy clicks and makes a ton of sense to use to grow a portfolio to me. I live in Woodland Hills so the cost of entry is very high in the Los Angeles area. I have found a few MF properties that would make great house hacking units, but I don't have the income to qualify. I have the down payment money needed for an FHA 3.5% and a solid credit score (720), though a low limit overall. Is there a way to house hack a 700k property when I only qualify for 275k loan myself? The numbers work look good even with PMI and would cash flow with a tenant in place after the required year to fulfill to loan requirements. My other option would be to look at other lower priced markets like Fresno, Bakersfield...etc. I'm open to that as well, but if I can start close to home, I like that option. Thanks for reading and even more if you take the time to reply!