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Updated about 3 years ago on . Most recent reply
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House hacking my first du/triplex in the Sacramento, Ca area
My wife and I are making a great income with a lot of savings built up. We work in the school system, which comes with some great investment perks from the govt. In talking to a loan provider, we could easily qualify for a 600k loan. We are finally looking at buying our first house; we want to house hack with a duplex or triplex. We would love to start with a BRRRR property, but I don't know if this is too much to take on as a newbie (though we are extremely ambitious and persistant). East and West Sac seem very promising, but we're totally open to learning more from a knowledgeable person about the best areas to look at. I'm also looking for an invester from the Sacramento area who can give us some pointers. We're looking to make this a win-win situation and help the investor to find good deals that help us learn in the process. If you are either of these people or know either of these people, I would really appreciate any help in getting in contact.
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@Britton Taylor Thanks for the tip. When you recommended that Arden area, were you referring more so to single family homes (stating that I can get more rooms for higher rent and same price as duplex)? Are you saying that I would be better off renting out a portion of a single family home and living in the other part? Remember that I want to house hack. However, if there is more money to be made in this type of strategy, then I'm definitely interested.
@DJ Dawson We are very confident that we can pay for the full price of the mortgage payment and operating expenses if we have a vacancy. After all, this is the same thing as if we were living in a single family unit. Tell me a little more about your investment experiences both personally, and as an agent.