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Updated over 6 years ago,
Working plan for a Garage house hack (THOUGHTS/OPINIONS please)
Hello,
The concept of house hacking makes a great deal of sense to me. I am 22 and I think I am in a solid financial state. I want to build my financial runaway and really getting a jump start on finical independence is the goal. I agree with Scott Trench and I see no better opportunity than to house hack. I am currently working on a plan to follow through to successfully house hack. I am reading set for life for a second time looking to catch every nugget in set for life to go in well educated. A way that I think I could really come out on top is by living in a garage and renting out the main rooms. I don't plan to do a make it a full conversion by any means but to keep it a fully functional garage that I live in. Plan considerations included below, I would love feedback. I am not sure if this is a ridiculous plan but If feasible I will share the process because sifting through the forms there isn't a great deal on the unconventional duplex or just living in a room in SF.
(considerations)
1. If it is permitted by the City and HOA.
2.Heating and cooling options.
3. Parking.
(Plans)
1. Get Permission to go ahead.
2. mini split air conditioner, insulation for garage door pop in options . (1k)
3. Live close to work so transportation isn't a major focus. (500)
4. paint, epoxy flooring
(2k initial investment, rent three rooms live free ? )