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Updated about 4 years ago on . Most recent reply
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Newbie Investor in Livermore, CA looking to Network
How's it going BP! I'm Brody Martinez. I am new investor looking to house hack into my first deal somewhere in either Livermore, Castro Valley, or Concord in a SFH within the next 6-8 months. I was wondering if there are any local investors that would want to meet-up for a coffee sometime within the next month (I would wear a mask). I would love to talk shop, and hear out some recommendations on some RE agents, lenders, and contractors in the area. Thanks!
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Hi Katalina! Sorry for the late response, I definitely need to improve on how often I check up on my notifications.
The Livermore & Castro Valley markets are pretty pricey and competitive for SFH, especially for newbies like us. I am mainly looking in this area, as it is very close to my employer, and I am looking for a commute that wouldn't kill me. It seems like a large majority of SFHs that I would consider house hacking, if not all, are usually negative cash flow while occupying one of the rooms (that is only from browsing through platforms like Zillow & Redfin, may be able to find some better deals through an established RE agents when I get to that point in capital). Although bringing in positive cash flow in the beginning would be awesome, I am hoping to largely reduce my mortgage expense and increase my principal pay down (or maybe force some equity w/ a potential value add property) by renting out the rest of the rooms individually to help me save for potential out of state investment opportunities or cities further out in CA that have lower purchase prices.
Thanks for reaching out! I am definitely open to connecting with other like-minded people like you!