New Investor - House Hacking

[Nigel McFarlane]

Hi Everyone,

My wife, 2 month old son, and I just recently moved from NYC to LA. We're currently staying with family in Commerce to save money to buy a house somewhere in LA (open to suggestions). After stumbling upon the BP podcasts, we've decided to look for duplexes to implement a house hacking strategy by renting the second unit to a tenant. The exit strategy is to sell this home when my son is ready for college. The wife and I make +300K combined, we're currently not paying rent or child care (thanks, family!), and we have great credit. We're now ready to get started building wealth for our son.

Can anyone suggest a real estate agent in the LA area that has experience finding and closing multi-unit properties? It would be helpful if this agent is open to educating us on LA real estate. We're looking to get something locked-in in the next 3 - 6 months.

Thanks!

[Manolo D.]

Nigel McFarlane Hmm, Chris Mason for financing and Evelyn Georgieva for REA services should be a great combo. Read about self sufficiency rule as well for MF for 2-4 units.