IS IT POSSIBLE/SENSIBLE-FHA LOAN TO HOUSE HACK FOR NEWBIE IN L.A?

[Marcus Green]

What's up BP crew? My name is Marcus and I want to create cash flow. I have a couple k's saved up with excellent credit and I would like to know strategies I could use to capitalize off of house hacking. I'm in the Southbay part of L.A and I would like to a buy duplex/fourplex in my area to rent out and create extra cash flow.

Los Angeles properties are expensive but I'm sure I can find a good deal somewhere near right? Any advice? Anyone in L.A that started out with what I'm starting out with? Is an FHA loan the way to go if one's sole purpose is to create cash flow, IN L.A?

[Aaron K.]

You aren't going to create cash flow in LA while house hacking, you will however live in a unit for less than you'd pay in rent. FHA is a good place to start but you'll need more than just a couple thousand to cover down payment, closing costs and reserves for when things break.