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Updated 11 months ago on . Most recent reply

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Timothy Altman
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6
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Searching for investor friendly real estate agents for house hacking opportunities

Timothy Altman
Posted

Hello Bigger Pockets Bay Area Community,

I'm excited to embark on my "house hacking" journey here in San Jose! As a novice real estate investor with one rental property out of state, l'm eager to explore opportunities closer to home.

My plan involves "house hacking" by seeking out properties with ADUs or detached structures that can be converted into ADUs. To facilitate this, I may need to secure an FHA 203k loan for the ADU conversion process.

Since I'm a single individual, my strategy involves residing in the ADU while renting out the main home- whether it's room by room or as a whole —to other tenants. To navigate this process successfully, I'm on the lookout for investor-friendly real estate agents who can provide valuable guidance and support.

Im interested in move in ready, fixer uppers, multi-family, or sub-to/creative financing deals.

With my current lease expiring in October, l'm aiming to make a purchase around October or November. I'm eager to connect with experienced professionals who can help me realize my goals.

Let's discuss further and explore the possibilities together.

Looking forward to connecting!

Best regards,

Timothy

Most Popular Reply

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Zeke Liston
  • Real Estate Agent
  • Columbus, OH
1,498
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1,622
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Zeke Liston
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Timothy Altman:

Hello Bigger Pockets Bay Area Community,

I'm excited to embark on my "house hacking" journey here in San Jose! As a novice real estate investor with one rental property out of state, l'm eager to explore opportunities closer to home.

My plan involves "house hacking" by seeking out properties with ADUs or detached structures that can be converted into ADUs. To facilitate this, I may need to secure an FHA 203k loan for the ADU conversion process.

Since I'm a single individual, my strategy involves residing in the ADU while renting out the main home- whether it's room by room or as a whole —to other tenants. To navigate this process successfully, I'm on the lookout for investor-friendly real estate agents who can provide valuable guidance and support.

Im interested in move in ready, fixer uppers, multi-family, or sub-to/creative financing deals.

With my current lease expiring in October, l'm aiming to make a purchase around October or November. I'm eager to connect with experienced professionals who can help me realize my goals.

Let's discuss further and explore the possibilities together.

Looking forward to connecting!

Best regards,

Timothy


 House hacking is a great way to get started in your investing journey. I have never invested in the Bay Area but have worked with many buyers moving their portfolio to the Ohio market because of the landlord regulations in the Bay Area. I'm sure you could navigate it well with the right team, but it might be worth considering continuing to rent (or buy a single-family) and do OOS investing where you can find better cash flow and be in a landlord-friendly state. 

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