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Updated 11 months ago on . Most recent reply

User Stats

14
Posts
12
Votes
Hyeonji Oh
  • Bay area in CA
12
Votes |
14
Posts

Multi family cash flow in San Jose

Hyeonji Oh
  • Bay area in CA
Posted

Hello,

I am reading a Multi-family millionaire book right now, I am curious if it is possible to make cash flow in San Jose by living in a multi-family unit and renting out another. It is ideal to build up an asset as the book says but the house prince is insane in San Jose!

Currently, I live in San Jose and work in Silicon Valley. I don't have a primary home or investment property. If househacking is possible I would rather buy my primary house using a low down payment for first-home buyers than invest in other properties in Sacramento, Modesto, Fresno, etc. Any advice is welcome! I feel I am lost and don't know what I should do. 

Most Popular Reply

User Stats

438
Posts
357
Votes
Nadeem Alamgir
  • Real Estate Agent
  • Cleveland, OH
357
Votes |
438
Posts
Nadeem Alamgir
  • Real Estate Agent
  • Cleveland, OH
Replied

Hey Hyeonji, would you consider investing out of state? The market I focus on is Cleveland, Ohio, and it's a great market for multi-family cash. You might not be able to house hack all the way from Cali, hahah, but you can find off market deals here that are hitting the 1% rules and higher.

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