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Updated almost 4 years ago,

User Stats

26
Posts
9
Votes
Manuel Moreno Jr
Pro Member
  • Flipper/Rehabber
  • San Diego, CA
9
Votes |
26
Posts

Advice: Buying/ House Hacking First Rental Property in San Diego!

Manuel Moreno Jr
Pro Member
  • Flipper/Rehabber
  • San Diego, CA
Posted

BiggerPockets Fam, 

Would love your advice and guidance. I am looking to buy and house hack a rental property here in San Diego. My father will be my partner and will help me with the down payment. Spoke to a lender and got the green light. We are looking for a fixer-upper, using a 3.5% FHA Loan.

My question is what would you do: 

Would you recommend we buy a single-family home with a detached, and convert the detached into a studio (where I would live) and rent out the front house?

Or 

Would you recommend I buy a Duplex - Quadplex and live in one unit and rent out the rest? 

Thank you in advance for sharing your insight and for your time.  

Blessings, 

Manny Moreno 

  • Manuel Moreno Jr
  • Loading replies...