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Updated over 8 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Sean Murphy
  • Rental Property Investor
  • San Diego, CA
2
Votes |
11
Posts

Opportunity to house hack in an up-and-coming area

Sean Murphy
  • Rental Property Investor
  • San Diego, CA
Posted

I'm relatively new to BP and hopefully this type of "offering" isn't off limits. I'm an investor and have a 4-unit San Diego property under contract in a rapidly improving area. Ideally I would like to partner with a to-be owner occupant who would “house hack” by contributing $80,000 to $100,000 towards the down payment/improvements and occupy a 1 BR unit at a reasonable monthly cost that would represent a discount to what they would pay for a mortgage on an investment of the same size. The owner occupant partner would have equity commensurate with their investment. I will not occupy the property. It's an opportunity to get into an area where it would otherwise be difficult to house-hack. I'd like to talk to anyone interested.

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