All Forum Posts by: Bobby Cauley Jr.

Thanks for the reply Clarence Johnson man I almost fainted when you said you got in for $289k because all if the open houses I've been to were around the $500k mark that you mentioned. I wish I considered house hacking when I first moved to California in 2013, so I could have beat this price surge. I'll keep hunting though!

Hey @Aliz Raksi I would for sure would be looking to hold for the long run.   In the meantime, I'll keep reading up and will be on the lookout for networking opportunities in the area.  Thanks for all of your feedback, makes perfect sense!

Hello Los Angeles BP community!

This is my first official post, just wanted to reach out and introduce myself!  I'm currently in the beginning stages of looking for my 1st investment to started, which will be a duplex to house hack so that I can get some help on the mortgage.

I'm originally from Texas, so these California prices are a bit intimidating as compared to what I'm used to seeing, so I'm wondering if anyone else in the LA market has successfully house hacked a duplex recently?  If so, I'd love to hear about your experience!  I'm been attending open houses for duplexes in the Mid City and Inglewood areas, just to get an understanding of what's out there and what the pricing is looking like.

Currently, I'm reading The Book on Flipping Houses and next I have the Estimating Rehab Costs books, both by J Scott.  After that I'll read the 2 rental property investing and managing books by Brandon Turner.  I do understand I should have read the rental property books first, but I like the idea of understanding the rehab process before I get a rental so I can avoid those properties that need deal sinking repairs.

I'm also going back into the BP Podcasts to catch up, I'm focusing on the ones related to my areas of investing interest first, and then will circle back on other areas.  I'm also trying to attend as many of the webinars as the 9-5 will allow me to attend.

Sorry for the long message, I appreciate any responses and I'm truly grateful of how open and informative you all are on the forums, I've learned so much just by lurking and reading other's posts, so it's about time I posted myself!  Haha!

-Bobby Ray