All Forum Posts by: Holland Sharp

Hey there!
I'm super stoked to be here and very thankful for all the information bigger pockets has to offer. Its seriously been life changing listening to the podcasts.

I recently got my real estate license for California but haven't began practicing yet.
I am super interested in learning more about house hacking and if it's feasible from my position. My main focus right now is purchasing a multi-family property somewhere in California, moving into it, managing it myself, and collecting rent.
I'm also really curious about how I can contribute my finances to make a gain in the long run outside of actually owning property; I think the term is syndication or something similar where I can give my money to someone for a project and earn interest on it in return.
Before I get started, just want to say that I'm very much a "make it work in theory before I take action" kinda guy, but I am quickly learning to get over that and I'm just about ready to dive into my first rental property with what information I do already have.
So here come the questions:
1) I'm seeing a lot of properties (just been browsing zillow by typing "quadruplex" or "fourplex" in the filters), that are going for 1-2 million in my area (LA/Anaheim). That price is for the entire lot, right? Not 1-2m per unit?
2) How could I view the estimated insurance for the property?
3) Is there a way to figure out how much the current tenants are paying before actually contacting the owner?
4) Ideally I'd be purchasing a property that has 4, 2-bedroom houses on it, living in one of them, and doing a 30 year FHA loan. I currently make ~23 an hour and have 2 other people that are interested in helping me with the down payment. does this seem doable? how does it normally work to pay back people that helped with the down payment? I think I've heard its normal to give 6% back but I'm not sure how often to pay them back or when or if 6% is actually normal or not.
I do plan on paying for premium once I get closer to actually purchasing a property (I'm looking to purchase in october, when my lease ends in my current apartment) but I am still learning about tools and how to use them before spending my free uses.

Also, I'd love to meet new people and come to any sort of events,
I don't know a ton of people in socal so I'm open to basically anything.
I do spend a lot of time camping and am currently trying to get people together for a ski and cabin trip up to Big Bear.
I look forward to meeting ya'll!
Any comments, recommendations, or advice are appreciated!
Thanks!
Holland Sharp