All Forum Posts by: Jeremy Dube

@Eric G., yes, I am realistically going to be going out at 3.5-5%, as it would take me a considerable amount of time to raise 20%. I know that there are ways to raise capital, but this is my 1st deal like this, so I am trying to get at it solo.

@Kiyong Kim, please keep me posted on your efforts and successes. I am fortunate (maybe unfortunate) that I am currently deployed with the military, so able to save quite a bit. Still not able to make enough to save for 20% so house hacking is the way to go for me.

@Elio Guillen, let me know how that goes. I know that there are things in E LA, Moreno Valley, but that is quite far for me. I am fortunate that I have the VA Loan, but it is tied up into a home I own in AZ, so I will refi out of that AFTER my 1st Multi-family, so I can use it for the next one.

Well, if anyone out there is currently house hacking....please post on here. I am looking for a mentor/advice...anything to help me get in the game. I have the 5% down, and the desire, am working with an amazing broker, just need the advice from people actually doing it.

I posted 6 months ago, and no response. So, I am trying again. I will be buying (hopefully) a multi-family soon in SoCal. As anyone can guess, this is pricey.

Is anyone doing this?

@Dylan Vargas, thanks. I will only have min required to get in the door via FHA. If I had 100k, I wouldn't be asking...lol.

@Kevin Fox, thanks, I am looking for people doing it currently.  Do you have anyone you can get me in touch with?

Is anyone househacking in SoCal? Is it reasonable? I mean, with the costs of multi family (700k-1 mill) and the prices of rents, what reasonably is the owner paying to stay in it? I am just wondering, as I am planning on doing it, just want to hear from those that are doing it.....

@Account Closed, I am not sure what you mean...still new on this site. Please PM me...let's chat.

@Alex Capozzolo, yes I am looking at being out of the metros....since it is a bit more realistic for me at this time, especially as a new investor. Thanks for the well wishes....

@Doug McVinua, yes I know that I am locked into the deal for now, and I don't "mind" for now, as it is a family member who needs help. I recognize that I am foolish to believe that this will end well, if I am interested in making it "fair" for me. I accept...it is my lil sister, and she is in college. Sigh.....lol.   I spoke to a management company in the area, and they said that I could get $1500 out of it, which puts me at positive cash flow, but my sis and cuz can't afford that. Oh well, family..... once the lease is up next year, maybe her and I will have to have an uncomfortable conversation.

@Levi K. , I am in San D, and yes, the prices are killing me. How do you like owning out of state? Find it hard to manage, or have someone manage for you?

@Josh Picker, Thanks for that...if it can happen in LA, it can happen in SD.....

Well done. I hope to add to this some day.

This is a multi question post, and ANY info will help...

I bought a single family home with VA Loan in Chandler AZ with every intention to stay in it. I got a tremendous opportunity in CA, so moved there again. I now have tenants (22-24yr old family members) and a 1 year lease. I am losing about $200 month (I pay pool maint and yard maint, as I know that they won't). I will leave this situation for another day....sigh....

I want to start investing, in AZ (Phx) or CA (San Diego/LA area). With the super high costs in CA, does anyone recommend not buying right now, as deals are hard to come by? I mean, 20% down in AZ is muuuuchhhh different than 20% in SoCal.    Does anyone find affordability on property in SoCal to be an issue? Should I focus in AZ? Anything helps.....

Oh, I have decent credit, and 0 debt.