All Forum Posts by: Lee Ratner

Thank you everyone for your amazing insight - I'm definitely convinced to start by house hacking locally in San Diego :)

@Erik Nordgaard Thanks! I keep hearing about these california burritos and I think I'm more excited about that than anything :) 

@Lucia Rushton Great point - my initial thought was trying reducing the $2000+ I would spend on a 1br renting which like you said is the point of house hacking. I suppose I'm just trying to determine which method in the long run will have the best chance for highest ROI (whether I buy OOS right now in a high cash flow scenario or start by house hacking)

Hi BP friends - I'm moving to San Diego for work and have been preparing and saving to start investing for quite some time. I have around $100k capital to invest, and I've prequalified for a loan up to $1.2m. Initially I was thinking of house hacking a multifamily in San Diego, but I'm starting to think it may be a better strategy to buy out of of state properties since obviously properties in San Diego are extremely higher cost and will likely be hard to find a deal that cash flows. If anyone has any advice or recommendations I would greatly appreciate it!

Thanks in advance,

Lee