House Hack - SoCal -Corona, RIverside, Ontario, Irvine,etc -

[Justin Haughton]

Hey BP fam - new investor here, looking to do a house hack in the inland empire. Trying to get something together by March of next year - under 1MM, ideally 3-4 plex, seller financing preferred. I know CA has stipulations on what rent moratoriums - that can make things sticky if with bad tenants.

What would be 3 things to keep in mind as I pursue this venture? Insights regarding location? I'm flexible with anything around 1hr outside of LA.

More about me:

I want to create a situation where my wife and I don't have to pay rent/mortgage. My net cash flow sits in the mid 3000's right now. This will be my first real estate purchase - I may look into some first-time homebuyer programs. In Brandon Turner's books, I learned about the 203b loan as an option. I have no debt. Savings 20k. Also may be interested in some Hard Money BRRRR options - still learning.

Has anybody done something like this before and can give some insights?

My very best,

Justin