Amount of capital for multifamily in southern california

[Katie Fajardo]

I am a newbie to real estate. After listening to podcasts I've decided to start my investing journey by house hacking a multifamily that is move in ready in either the san diego or orange county area. I'm still analyzing markets in my area but what is a good estimate of how much capital I should have before I go all in for my search for a multifamily.

[Josh Alexander]

Is it your first home? Usually as long as you plan on living in one of the units you can put as little as 3% down. However to keep the mortgage payments reasonable in those two higher cost areas I would probably recommend saving up more than that if you want to be able to break even or cash flow a little.