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Updated over 2 years ago,
House hacking in San Diego
Idea is to get an outdated SFR or a multi-unit. Where I can add value either by renovating and adding more square footage or an ADU if it makes sense. Depending how outdated the property is, I'll either get a contractor or do some work myself.
- Have a down payment of $150K
- Can arrange for another $50K to $100K for rehab
- Stay in one bedroom and rent out other bedrooms
- Either add an ADU or square footage if it makes sense for the property
- Idea is to live in this place for 2 -5 years top and then sell or rent it out
Question:
Even if the San Diego market sees a correction in the next 6 months, is still worth to get a property and work on it, since I do have some have some extra time on my hands right now and can gain experience.
How do I find real estate agent with an investment focus on this community?