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Updated over 4 years ago on . Most recent reply

User Stats

35
Posts
2
Votes
Christopher Aguilera
  • Investor
  • Santa Ana, CA
2
Votes |
35
Posts

[Calc Review] Help me analyze this deal

Christopher Aguilera
  • Investor
  • Santa Ana, CA
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.


Hi BP, 

Can you guys help me analyse this property and maybe give me a few pointers on how to make this work. 

The strategy that I want to implement is house hack using my VA Home Loan and I want to do a multi-unit (4-plex) if possible in OC, California. I was able to get the current rent roll and expenses from agent and and found out rents are below market. Average rents in the area range from 2650 - 2900 based on rento-meter and craigslist. The report you are looking at its actual 

Please provide some insight on how I can make this work by house hacking??? I've also talked to some lenders and it seems like most are not doing VA for multi units any insights on the loan aspect. Should i go FHA? or 5% conventional? 

I want to make sure i'm heading in the right direction of buy and hold. 

Thank you for all your input and help!

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