All Forum Posts by: Stephen Tanquary

@Rob Massopust

Ya it seems, at the moment, like ADUs are encouraged and incentivized! Hoping it will last long enough for me to get in the game. 

Main challenge for me is just getting started. Only been listening to the podcast for about a year, but I've been trying to save up enough to get started. Initially thought my only option would be going out of state. More recently I've been thinking that if I found the right property I could get in with an FHA loan and house hack for a few years to get some of that hands on experience with property management, building additional units, etc. "Sweat Equity" as David Greene would say!

Thanks for the response!

@Jason White 

Thanks for the response. I'll be sure to keep an eye out for properties in those locations. I've noticed a lot of properties in the Fullerton area seem to have additional units already built. It seems like there's incentive to continue doing this as well. If I end up finding a property that would make sense for me, I'll be sure to reach out. Thanks again!

Hey everyone,

I'm currently living in Orange County, CA (Fullerton more specifically) and, due to general CA market, it has always felt like out-of-state investing is the way to go. However, recently I've been wondering if house-hacking is an option in my area. 

Is anyone out there successfully house-hacking in Orange County? What are some factors that I need to take into consideration? Some of the deals I've analyzed lead me to believe that the numbers just don't work in my area (only way I'd be able to get into a home in CA is with an FHA) Any thoughts?

In addition, I'm feeling more inclined to house-hack before going out-of-state for my first property to get some hands on experience with the property management. Maybe some thoughts on that too?

Thanks! 

Hey BP Community, not sure how introductions are supposed to look, but here I go!

I'm 25 years old, I've been married to my wife, Stephanie, for about 6 months, and I'm a newbie real estate investor living in Fullerton/Orange County, CA. For the past year I've been listening to the BP podcasts and reading books/articles, but I haven't taken any action! I know myself well enough to understand that I will be the guy who reads every real estate book/article in existence, listens to every BP podcast 4 times, and out of fear, do NOTHING. 

I told my wife at the beginning of 2019 that we would purchase our first investment property by the end of the year, and luckily for me, she will hold me too that! I've been a BP member since Jan 2018, and I'm finally posting my introduction. I'm ready to pick up some steam and achieve financial freedom so that can stop trading my most precious asset, TIME, for money, and instead spend it how I want!