Buying a house through HOP or First Time Homebuyers (LA)

[Christian Kama]

Has anyone bought a home through a home ownership program or a first time homebuyer program? What was the process throughout that whole experience? Pros and Cons? Can you house hack? In the Los Angeles - San Gabriel Valley but any info or tips and tricks about it would be nice!

[Charles Cooper]

@Christian Kama

I bought my personal residence as a house hack project with 5% down two years ago. I just refinanced last month and now have a lower payment and no PMI since it appreciated over those two years while also fixing it up. My advice for house hacking is to find something that is under valued for the area (based on comps in neighborhood) and learn or get help fixing it up to bring it up to value. You will find something in SGV that meets this criteria.