All Forum Posts by: Eric Colicchio

@Sean Pan

Thank you for your advice, I will definitely do just that. Saving up and house-hacking is my preferred solution if I can figure it out.

I would love to find an active investor in this area to mentor under.

Hey there BP!

Wondering if anyone is currently buying in or around Southern California area, if so where?

I am finding the properties a bit out of reach for me in my local area, and I’m hesitant to start buying out of state on my first property. My initial plan was to find a duplex/triplex/quad using first time buyer incentives. Then I would house hack, enabling me to save enough money to begin BRRRRing.

However, even average SF houses in my area are 400-500k, and duplex/triplex are few and far between and even further out of reach. Rental returns for 2 bedroom seem have the best ROI, priced about 2k-2500. I am thinking I could find a better value in a different state, although its intimidating. Or possibly section 8 in CA?

Any advice is genuinely appreciated. I am committed to learning this.

**Note I have 15k saved now, and access to family funds (potentially) if I were to secure a property and show good returns as a proof of concept