First House Hack in Los Angeles

[Rick Leach]

Looking to do my first house hack in Los Angeles area.  As most of you know it is ridiculously expensive.  Would it be a bad idea to do a first house hack on a foreclosed home if the right research is done? (mainly due to cost in the areas I would like to purchase)

[Rachel S.]

Not at all. I purchased one in 2011. No issues. You just need to make sure you get a good inspection, so you know what you are dealing with, since they are usually sold "as-is". Often if a buyer can't pay the mortgage, they are not keeping up with the maintenance either.