House Hacking In Los Angeles

[Sophia Fong]

Hi everyone!  I am a newbie real estate investor and I am currently on the search for a multifamily property (2-4 units) to buy.  I currently have 40K saved to help place a downpayment and hope to finance the rest.  Most of the multifamily units are around 600K and up across So. California.  Curious to know if anyone had invested in multifamily in the last year and what it has been like with renting out and if there is any chance for cash flow, or is anyone house hacking?  Have you been successful at all?   Curious to know what your experience has been.  I've ran numbers with the calculators on BP but it all seems to be running negative.  =(   Any thoughts of what good new investment type deals would be good for a newbie?  Thank you for your time for replying to the post!

[Victor D.]

Not putting a hefty size down payment on pretty much anything retail in SoCal right now is more than likely going to bring negative cash flow or barely break even, if you're lucky, I suggest you look at out of state markets where your money will go a little longer.