Mortgage rates are rising, so the TYPE of property you buy matters even more. Instead of buying a $1M single-family home and carrying the entire mortgage yourself, I’d seriously consider a 2-unit property or two homes on one lot. Yes, the purchase price might be higher — maybe around $1.3M — but if the second unit can bring in $4,200–$4,500 per month, that income can help offset a big portion of your mortgage. And depending on the property and loan program, there may be options with as little as 3–5% down. It’s not for everyone, but if you’re buying in Southern California, it’s worth looking at the numbers. 📲 Want to see 2–4 unit properties that may work with your budget? Call or text Ray directly at 562-600-9793. Ray Miramontes The Mira Group | Circle Real Estate DRE #01931740 #SouthernCaliforniaRealEstate #MultifamilyRealEstate #HouseHacking #HomeBuyingTips #LosAngelesRealEstate #FirstTimeHomeBuyer #RealEstateInvesting