House Hacking in Bay Area

[Kyle Calica]

Hi I recently lost a bid on an East Oakland home. My plan was to get the detached garage into a ADU unit. and then rent out the second bedroom. However, doesn't seem like I would receive free rent, just cheaper rent - which might still be worthwhile in the Bay Area.

My question is: 

Can house hacking  still be done in this market - as most people have told me not to bother and most money would be in home flipping in this seller's market. 

And what are your stories of house hacking in the Bay Area? 

[Chris Mason]

Certainly can be done. 

I was talking with a past client of mine earlier this week and she told me that her "slice" of the $4000 PITI was down to about $500 per month. SFR with basement and attic that she finished. If you're young and don't have family, take advantage.