Is "HouseHacking" still doable in OC, California under $400K??!!

[Daniel F. Harb]

I am looking to buy a property the first part of 2018, and I really want to find a house hack situation (close to all my workplaces), but I am not seeing any properties that are sub $400K to benefit from the hack. I can't see spending $1,700.00 a month (with the 2nd room rented out, maybe $1000.00?). I am leaning towards buying a Multi~Unit, as opposed to finding a "too~expensive" house hack situation.

The multifamily would be rented fully to tenants, I will still be living in Orange County. My monthly rent right now is ULTRA low.

(I am envious of the homes in certain other states for 50K, 75K, 100K,....CRAZY!!!)

I look forward to hearing from one and all members on this subject, and, as always, thank you much in advance!

So, buy a multifamily to fully rent out for my first property of 2018, or any suggestions on a "House Hack" in OC I am not seeing?

What say you?  :)

[Eric G.]

Sadly there is no 2+ unit inventory in OC under $400k, so House hacking won’t work with your budget. But if you’ve got ultra low rent, and you can qualify for a multi family investment purchase, I think that’s a great route for you. Continue to pay below market rent, save money, and begin building equity in your investment property.