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Updated about 5 years ago on . Most recent reply

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Fernando Avila
  • Los Angeles, CA
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LA Area House Hacking

Fernando Avila
  • Los Angeles, CA
Posted

Hello BP! So as the title says I'm looking for a multifamily to house hack. I work in Koreatown and my wife works in Commerce. We are looking for something in between and are willing to consider outside of LA. Is it a bad time to buy though since we are in a sellers market and a rececession? What is your take on our situation? Thank you in advance for you input.

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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

I'm guessing you meant to put "not in a recession". We definitely aren't in one, and prices are quite high. Most likely it's a bad time to buy, but decide that based off the numbers rather than perceptions. 

I just wrote this article a couple weeks ago-

https://www.biggerpockets.com/renewsblog/considera...

Hopefully that helps!

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