All Forum Posts by: Joshua Piche

Hi Joshua! $100k is a great start, but in LA, it won't go very far, especially if you're looking to buy a duplex. Even with an FHA loan, the mortgage on a property there would be pretty high, and it might not be the best investment right now. You might want to look into investing out of state where your $100k will stretch a lot further. That way, you can get your foot in the door, start building equity, and stay at home a bit longer to save more money.

You could also consider the BRRRR method where you buy a fixer-upper, rehab it to add value, rent it out, and then refinance to pull your cash back out. It's a great way to make your money go further, build wealth, and learn the ins and outs of real estate investing along the way. Good Luck!

Your market is tough, but it's not impossible. It depends on where you want to live, income, personality, and other factors.

You could buy a large home and rent out the individual rooms to cover expenses, but this comes with problems. How well can you manage multiple roommates? Where will everyone park? Can you afford a vacancy or two?

I would consider staying with your parents and investing in another market that stretches your dollar and covers the cost of a professional property manager. Consider house hacking when rates and prices are a little more balanced with reality.

Welcome. Yeah, you don't want to try to house hack in LA based on the price points out there vs. what you can get most likely. Are you planning on staying in that area? Would your parents be interested in partnering on a duplex where you live in one side with a roommate and manage the other side rental? That would be a great avenue to explore since you are in an expensive market.