Does anyone have experience house hacking in San Diego?

[Dane Lopez]

So I'm looking to purchase my first property in San Diego and I've deduced that the most effective way to do so is going to be via house hacking. I've done research on the subject and know that building a team is an important aspect of being successful with this strategy. 

Does anyone have experience house hacking in San Diego? What were some pit falls you found along the way? What were the successes? I'm looking to get in touch with a real estate agent who can help me throughout this journey. Also, if anyone knows of any private lenders or has any success experience with seller financing I'd love to know. I'm definitely going to need to creatively finance the property, at least at first, and then REFI the property when the time is right. 

Any guidance or references will be greatly appreciated. 

[Keith Mintz]

Quote from @Dane Lopez:

So I'm looking to purchase my first property in San Diego and I've deduced that the most effective way to do so is going to be via house hacking. I've done research on the subject and know that building a team is an important aspect of being successful with this strategy. 

Does anyone have experience house hacking in San Diego? What were some pit falls you found along the way? What were the successes? I'm looking to get in touch with a real estate agent who can help me throughout this journey. Also, if anyone knows of any private lenders or has any success experience with seller financing I'd love to know. I'm definitely going to need to creatively finance the property, at least at first, and then REFI the property when the time is right. 

Any guidance or references will be greatly appreciated. 

 I have experience house hacking but in Sacramento. I am now also doing it in San Diego. 

I love house hacking & am a licensed agent who specialize in Co-living/house hacking & STR.

Whether you're looking for multi family or a single family home, get something with the most bedrooms and opportunity to add bedrooms down the road. I like renting by the bedroom for max ROI.

Also maybe considering putting one of the rooms or a unit on STR you will typically increase income by 50-100% than a typical LTR. We manage 100+ str, these numbers are from experience.

Also the price obviously matters, I like to find something that can completely coverage expenses ideally, and a location that is developing and attractive for STR if you take that route. Something like Claremont, normal heights, Logan heights, city heights, university heights...etc. Areas not far from downtown and PB will do good for STR and Co-living.

Feel free to reach out!