All Forum Posts by: Linzey Ledesma

Hello Ngozi,

I agree with the others above. It all depends on what you qualify for and your strategy. I am an advocate for multifamily, so if you can qualify for a higher purchase price then go for multifamily. For Condos HOA will definitely eat up at your purchase price, decreasing it. Have you talked to a lender yet?

Hello Mike,

congratulations of the success of your son. I would definitely recommend him to buy a primary home with an ADU or a small multifamily property where he can live in one unit and rent out the rest. Thats how I started. Its a great way to add another source of income and his tenants are helping him pay that mortgage payment (through rent). Given that he is a rapper, lending will be different as a 1099 rather than a w2 job. So he might have to put a higher downpayment on the property. However, since he has a good amount of reserves, that shouldn't be an obstacle for him. I would also recommend to speak to a Lender to see what loan products are the best for him to use and get an ideal of how much of a home he would qualify for.

Good Luck!

Hello Harrison


yes it is possible. House-hacking using an FHA loan is a great stepping stone. Odds are you won't cash flow the first year but it's meant to help you start out and decrease your cost of living. I recommend looking into the inland empire, there are still markets within the IE that you can tap into at a lower entry point, compared to LA or Orange County. Many people are moving further inland due to the increase cost of living in LA/OC. I am currently house-hacking a duplex in Redlands. And i had about 30k saved up. All worked well for me. Shortly after I became a real estate agent for the David Greene SoCal team.

Feel free to connect!

Hello Justin,

Welcome to the IE! I am currently househacking a duplex in redlands. I used FHA to get into it. I learned a-lot through the process. Shortly after I became a realtor for the David Greene Socal Team. I do know that in Ca it is very difficult to cashflow when house-hacking. It is a great steppingstone, and can be used to decrease your cost of living. That way you can save at a faster rate for your next investment. Things are working great for me so far. Feel free to connect and reach out. We have some great lenders you can connect with and strategize, or see what purchase price you would qualify for. Lenders will use 75% of the rental income on the units to count towards your income to help you qualify for a greater purchase price. But as my colleagues mentioned, there is a self-sufficiency test that lenders must abide to when using FHA. However, we are in a market where there are healthy negotiations going on between buyer and seller. So its a great opportunity for buyers to get a reasonable/fair price on their purchase (at least compared to the last few years).

Best of luck! 

congratulations @Lawrence Briggs. It is amazing how you can become that 1 person to break the cycle. You keep at it!!

Super cool @Nelson Lin Thank you for taking time to share this with us. I am currently looking to invest in multifamily in Round Rock TX, any data you might have on that?

Many thanks!

Hello BP community

I’m wondering if anyone has any recommendations for lawyers in the San Bernardino county area. Specializing in unlawful detainer‘s. Looks like I might have to evict tenants.

Thank you in Advance!

@German Enciso

Thank you for sharing German! Appreciate it.

@Michael Simpson

Hello michelle, I just bought a duplex using fha in redlands.

@Nik Moushon, my goodness! this is such a detailed and informative deep dive. I learned so much from this post. I am currently working on strategizing for something similar. I found a duplex that sits on a multiuse zoned lot. Included in the sale is an empty lot adjacent to the property. My thought is that I might be able to finance the property and them build more units. Im not sure if the property will have to be financed through a commercial loan tho. I am currently seeking lenders to ask this question.