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All Forum Posts by: Long G. Tran

Long G. Tran has started 7 posts and replied 20 times.

Post: Newbie wanting to house hack in San Diego, CA

Long G. TranPosted
  • Posts 20
  • Votes 6
Originally posted by @Twana Rasoul:

@Paris Ambush

House hacking is great. I house hack here myself. House hacking a multifamily is the the best way to go if your budget can handle it. You can qualify for a higher loan on a multi family vs a single family due to rental income. For a duplex you find decent opportunities in the 600k-800k ish range depending on what areas you are comfortable with. A duplex is a great idea if you want to have the option of going fha and putting on 3.5% down. Lots of great neighborhoods available throughout central San Diego for multifamily house hacking

 Factoring in rental income to qualify for a higher loan amount 🤔. Good point and thanks for the reminder!😁

But on that note - there’s a little dance that needs to happen when purchasing a property and showing proof on rental income, right?


@Sherry Chen thanks for sharing that article! Looks like the acquisition of the SDG&E site and S&F lot are some obstacles to overcome for that project. I’m interested to see the development of that plan. 

"and a lender will know many other contacts they can refer you to - agents, contractors,title companies, etc." Great point! Another person in the local funnel. A potential lead that can help cast a wide-local-net. Thanks for your insights @Dalyn Hazell

@Stacee Evans I see where you're coming from. Thanks for your input!

@Glenna Wood I could imagine that scenario especially playing out in a market like San Diego. Thanks for your perspective!

@Devyn Caraballo thanks for sharing. I wish you luck and prosperity on your REI ventures! I look forward to seeing some future posts of your journey. =o)

Hey @Doug Pintarch thanks for your input buddy!

Post: House Hacking San Diego

Long G. TranPosted
  • Posts 20
  • Votes 6

I want to grow up to be like @Joshua J Cawthorn =oP Good ****, brotha! What area are both the properties in? Are you cash flowing in your current house hack?

One of the first calls to action in the book The House Hacking Strategy by Craig Curelop is to find a lender. I don’t think I’ll be ready to purchase for another 10-12 months. Would I be wasting my time ( and lender’s) by reaching out to them this early?