All Forum Posts by: Brian R.

@Caleb Brown we are realizing the cash flow would not be the primary reason to house hack in this market. However offsetting monthly expenses will be a plus. With the cost of homes in SD, buying and holding will be the biggest ROI.

@Charles Renn good questions and we have goals drafted to keep us focused. Thanks for the feedback.

@Maxwell Ventura thank you so much for the info. Could we talk more?

*auto correct - house HACK* 🤦🏼‍♂️

Good morning BP nation,

My wife and I are looking at purchasing a home in San Diego but want to house hack. All the multi-family properties I have seen on Loopnet.com have a cap rate of 1-3%. So the question is, can you house hack in SD? Are there any BP investors that have found a way to make it work? If so, we’d love to talk.

Thanks for help!

J&B

@Jon Kessler

Thank you for the advice. My reserves would still cover big expenses but just starting out I wanted to keep the overhead low. I appreciate your insight.

Hey everyone - thank you for taking your time to read this post and provide feedback. First time investor and big supporter of BP and the wealth of knowledge on this platform.

I moved into my first contract today, contingent on an inspection. The property is selling for $95k, with an estimated $30k for rehab. I'm using a conventional loan for the purchase with 25% down and the ARV is $180-$210k based off of comps in the area.

My question is, should I use a rehab loan for the $30k on the property or should I use my reserve cash?

With this being my first property I am hesitant to put ~$50k (down payment + rehab) of my own cash into my first BRRRR and wondering if using the rehab loan would be a smarter move.

Thanks for the advice in advanced.

Brian