Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

Account Closed
  • Huntington Beach, CA
6
Votes |
15
Posts

Fourplex or rent rooms?

Account Closed
  • Huntington Beach, CA
Posted
Hi everyone, Not sure if this makes more sense to Californians & other expensive real estate markets vs more affordable ones but roommates are very, very common here in SoCal . Given that fourplexes are few and far between, and rooms rent for what units would in California (I’m in Orange County, 30 miles from LA... probably applies to many other metro areas as well) would it make just as much sense to get an FHA loan for my first property in California as a SFH with 4 bedrooms? I’d house hack, living in the home for at least the required 1 year and I’d do so with a much smaller down payment, lower ongoing overhead, and collecting the same if not more in rent. Roommates sign leases here with the homeowner and have similar protections as a landlord. Tenants have similar protections as fourplex renters would, as far as I understand it. What would you do in an expensive SoCal market ripe with renters?? Get the SFH and rent rooms or wait and wait to find a fourplex with a much higher down payment and mortgage payments?

Loading replies...