Househacking in the Bay Area

[Peter Kozlowski]

Interested in househacking in Oakland, CA. DINK making about $100K/year. Does buying a two-family unit and renting out the bottom unit make sense?

[Account Closed]

Originally posted by @Peter Kozlowski:

Interested in househacking in Oakland, CA. DINK making about $100K/year. Does buying a two-family unit and renting out the bottom unit make sense?

 It makes a lot of sense, especially if you are currently renting in a high cost area. 

Try sticking to 3/4plexes as those will cash flow a bit easier. If you buy it right, you should be able to live for free/cheap. 

Can’t go wrong with a) long term fixed rate debt, b) Prop 13 keeping your property taxes low over the long haul, c) tenants paying off your mortgage, and d) great appreciation in the Bay Area