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Newbie trying to house hack in los angeles.
Hey guys, complete newbie here. No experience in real estate whatsoever & I heard about house hacking as a good start. I live in Los Angeles & need help with knowing where to start. Any info will be greatly appreciated!
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Quote from @Jenaro Cendejas:
Hey guys, complete newbie here. No experience in real estate whatsoever & I heard about house hacking as a good start. I live in Los Angeles & need help with knowing where to start. Any info will be greatly appreciated!
Hi Jenaro,
Yes houshacking is the best way to build a strong foundation to build upon. I bought my first house as a house hack, and also house hacked my current house when I first bought it. It made my payments a lot more affordable and allowed me to save money. I am now building an ADU at my house to house hack it. The adu will pay my mortgage for me. Stuff like that won't happen right away, but with time, rents will go up and your payments will feel easier.