All Forum Posts by: Kina De Santis

 We didn't add the MIL - but specifically sought it out.  Definitely was good for us! :)

thanks @Kina De Santis that is the one I go to, I thought you meant this Tuesday.

not sure if you checked , but i'm pretty sure ANAHEIM, HB, GG , it's ILLEGAL to STR/ABNB, so you might want to add that to your calculus, if you were trying to househack via STR.

You can buy a home and start a skilled nursing home. You can make a boat load and get into your first house.

amed realty on Euclid in Fullerton lists only these types of residences.

@Kina De Santis I am from Irvine and working on my license as well. At first we wanted to do wholesale but we had a tough time getting contracts to be signed in the OC area. So we switched to BRRR and looking for out of state deals. Right now we're looking for private money lenders to finance the gap for the hard money that we will be approved of.

I wish I had that mentality when I was at my 20s. I'm 32 now, if it's okay with you guys let's connect. 

@Kina De Santis I'm in OC too, where is Tuesdays meet-up?

okay this might be a bit of a long response but here it goes. 

House hacking in orange county is difficulty(duh we all knew that). Basically what you're going to encounter is either duplex's in the older areas of the OC aka santa ana, fullerton, la habra area that aren't usually rehabbed so need a good amount of repairs, or you start seeing a lot of duplex's along the coast but I think most of us young people that want to house hack don't/can't dish out a million dollars plus for a multi family. So in my opinion that usually leaves a few options. 

1. you can deal with the repairs. Either get a hard money loan and do the repairs to update these older homes or a 203k loan to get rehab funds and fix up the property and get one of those older but cheaper multi families in those areas. 

2. Get roomates. Easiest way to househack but you give up privacy. If you don't care, rent it out to friends, or simply find good people to rent rooms to (maybe students since they'd be more likely to rent just a room) then this is definitely the easiest way to househack a home. I'm actually helping someone right now try to find a condo or SFR to do this in because he wants to move out to the OC but we know rents are crazy high.

3. Lastly, get a property with a MIL suite or ADU. They come few and far between but some homes in the cheaper parts of the OC do have them attached. Only thing is most agents list them as SFR properties which means you need to be scouring the MLS for those rare opportunities. Then you can live in that separate suit/ADU, and rent out the main house, or vice versa, and have someone else paying most of your mortgage! And most importantly(at least to me) still have your privacy.

So thats my opinions on the topic, also as a rare twenty something that also wishfully wants to house hack. It's possible just have to look harder than areas in the midwest where cheap duplexes are everywhere. 

As far as meetup goes I am aware of the los alamitos meetup meetup because the host of that meetup actually co hosts another meetup with myself and my partner in newport beach! Next one should be scheduled for December 10th so if you want more info feel free to PM me. We do focus more so on out of state but we always have people that like to invest in state and our meetups are usually in a roundtable like format where people can freely ask any question so its a good time. Planning a happy hour would be cool tho! Although our meetup does usually have drinks if thats what you guys are looking for at the happy hour lol 

Hope I helped! 

Hey - my wife and I actually did it in Orange County (Laguna Hills). We bought an SFH with a MIL suite that paid over half our mortgage. I talk about it in episode 4 of the Real Estate 365 Podcast. Let me know if you want to chat!