All Forum Posts by: Cathy Li

It's a white label software built on go high level. I feel like if you dont want to spend too much time figuring out the flow then it's a good alternative. But if you/your team like to spend some time building your own flow, feel like it's better to build it on go high level directly. 

 Agree that it's not the best scenario to get into with friends. But in SD, it's hard to do it by one person and I just bought a house. 

So was thinking to get another property faster by getting partners. My friend will be house hacking and we rent out the other units to get some rental income. 

 Thank you for the response. This helps a lot!

Hi BP,

Looking to buy the first multifamily in San Diego. House hacking and potentially doing long-term / short-term rental.

What's a good area to buy around 700k - 1M with good cash flow? Is there any regulation to pay attention to? Some areas might not allow short-term rental.

Also looking for agents and lenders that specialize in multifamily investing. Wanted to use projected rental income to qualify for the house so want the explore the possibilities. 

Thank you!

 Hey,

Also looking to get into the multifamily game. Have to do with friends since I currently have a primary residence and we don't want to put too much down payment. Wondering for him to get an FHA loan with 42k income per year, is it possible to use short-term rental income to qualify in San Diego market?

 Hey Zach,

Thanks for the response. Agree it's better to use FHA. Might need to see if using the 2nd unit rental income can qualify for multifamily with California prices.

Hi BP,

I am looking to buy a multifamily with two friends in San Diego. Have to get more people on it since the high price in SD. Here is our situation 

Friend 1: Main Borrower. No Primary residence so this multifamily will be his primary residence. Steady income with 41k per year. 

Friend 2: Non-occupant borrowers 1. 100k income. Just bought a primary residence in May. House hacking and have a cash flow of 400 per month.  

Me: Non-occupant borrowers 2: 120k income. Bought a primary residence in June. Housing hacking and have a negative cash flow of 400 per month.

All borrowers have no debt except mortgages and great credit (780+). Checked FHA and need a 25% downpayment. Freddie Mac needs a 15% downpayment. Wondering if there is a way to put less money down like 5%.

The goal is to get into multifamily and house hack but if it doesn't work, is it a good idea to get into an SFR or wait in order to get in multifamily?

 Hi Alex, do you have more information on the "Beer and Deals" in Little Italy. I searched in the forum and just found it in Escondido. I live around East Village and I'd love to come to the meetup!

Hi @Ann-Marie Vargas. Nice to meet you virtually! I am debating between investing in SD or out of state. Looking forward to connecting and sharing insights!

Hi, I am also based in San Diego and am interested in meeting other investors. Just bought a primary residence in Temecula, looking to get multifamily next year. Thanks, @Lance Trezona for sharing the meet-up. I will definitely check it out next month.