All Forum Posts by: Hunter Harmon

@hunter Hi Hunter, finding a great house hack hasn't been so difficult in quite some time but is still doable.  I help multiple individuals close on a multifamily property on a monthly basis and just had one close last week for a new house hacking first time buyer purchase a duplex.   Do not give up, the deals are there, there aren't many but they are there.

@Hunter Harmon

Congrats on your savings and the way you're thinking!! Awesome stuff. 

I've house hacked twice in Reno, NV and it's changed my life. 

I went to school in Santa Barbara and frequented San Diego often. Gorgeous down there. 

Sounds like a bit of a stretch but may be able to be done. Are you able to move or is SD the only spot you want to live? 

If you are going to stay in San Diego for the next 10-15 years, then stay patient and get aggressive when a deal comes up that makes sense. And I mean really aggressive to make sure you win it.

I've looked at every purchase saying, will I be happy that I bought this in 15 years, even if I have to pay a bit more for it today or the payment is a bit higher than I would like. (This assumes you have reserves and $$ to pay for it).

@Hunter Harmon you will run into this in Socal, I know I did when I was shopping for my house hack. Look into the NACA program as this was the same one I used for my four unit in Los Angeles. As a side note, House hacking in Socal is a slow game. It took me about three years, after improving the units, raising the rents yearly and reducing my costs, to break even. So if you can get a property, that is the first step, over time, it will start to make you income. Be patient.

@Hunter Harmon

First off let me say, incredible job on both saving money and doing your research. What neighborhoods have you been looking in, and what resources are you using for your expected returns?

I will tell you a little about myself. I am a lifelong San Diegan, and I have house hacked multiple properties over the last decade in order to ramp up my profile. I started off renting out my couch to a friend in my first 1 bedroom. Now I am working on adding ADU's to multiple properties. I have done everything in between.

If you have any questions about the process, or best practices, reach out to me at any time. I am here to help! 

@Hunter Harmon

great work so far.  keep looking and don't give up. 

when you say you're trying to 'match' your current monthly expense of $3K, I'm assuming you're saying that you're hoping to pay $3K net against the mortgage after collecting rent - is that correct?

i wouldn't add loans on top of loans - i'd just keep saving while you keep looking.