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Updated over 7 years ago,
South Orange County house hack/beginer investment
Hi! I’m new to BP but have been lurking on the forums and podcasts :)
Right now I want to learn as much as possible. I'm listening to the backlog of BP podcast and starting to keep an eye on the forms & blog post here at BP.
My ideal situation would be to find a 2-4 unit MFP to house hack in the South Orange County, with a move in date sometime around the end of 2018.
I’m also open to the idea of purchasing to rent in the IE or further (but still in CA). I couldn’t move that far and house hack there, but because prices are lower, the 20% down might be more manageable? I don’t have 20% at this time, but from what I’ve learned, it’s possible to partner up or find a creative way to make that happen?
My goal is a positive cash flow that will allow the mortgage to be covered (or majority) by the renter while getting my feet wet in real estate and property management.
Thanks in advance for the advice!