All Forum Posts by: Alejandro Romero

@Maxwell Ventura This was an example I used, but yes they do have those fees. I was told Rancho Del Rey doesn’t not have those fees, but I could be wrong.

@Donald E Appleberry Thaknyoi for the information posted, I'm a bit overwhelmed and can't decide on what will work best for me. I'm not ready to buy this second, but my goal is 6-10 months. I plan on using a FHA loan which is 3.5% down. I will gladly give you my number, thanks.

@Joshua J Cawthorn I work as a RN in San Diego so my income is decent for the area. I make in the lower six figure range. I can make the payment with it without the tenants. I'm thinking about using a FHA loan which is 3.5% down and I am a first time buyer. My credit is in the 700s.

@David Pere Exactly, with the limited knowledge I have gained the numbers don't make sense in San Diego, this will be my first purchase and I will be using a FHA loan.

@Kenneth Donaghy I’m playing it safe as well, I have a good income for San Diego and I will be able to make the payment with or without the rooms rented out. I’ve been looking at duplex’s and it’s hard to find one that’s in a decent area let alone under 650,000.

@Alfred Uda

That’s true, I’m trying to figure things out and I’m currently brainstorming. I just can’t see making money off a multifamily here in San Diego, or at least not as a first purchase.

I live in San Diego and I’m having trouble convincing myself that multifamily is a good investment here in San Diego. For example I saw a single family home in Otay Ranch that is a 3 bedroom 3 bathroom house for 515,000. I could easily rent out the two extra rooms and each roommate would have a private bathroom. I’m think wouldn’t it make more sense financially to house hack a single family then to house hack a multifamily due to the cost? Anyone beg to differ? I’d love to hear feedback, thank you.