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Updated about 8 years ago on . Most recent reply

House hacking ideas in Northern Virginia
I've got about 20K saved up, I'm looking to house hack in Northern virgnia. However, I am living with my girlfriend and we would rather have some sort of separation between the living spaces. Being that MFH are non-existent here, what options do I have? I am commuting to Tysons so I'd like to keep the commute under an hour. Any ideas?
Most Popular Reply

Cross of the impossible and do what's left but never give up!
Looking for a residence that's 'subdividable' makes you look at the places you're touring in a whole new way. It gives you a WAY better idea of what to buy. A mother-in-law suite or 'mortgage helper' is a great way to kick off your real estate investing career and you'll learn about renovating too. Seeing as there is just the two of you, you could buy a place that's older and add a quite nice suite that YOU could live in (it'll be new once you renovate it - smaller but new and functional) while you rent out the rest of the house for a quite nice boost to your income.
Buy the ugliest house on the nicest block and make sure parking won't be a problem. Parking is the #1 reason your neighbours might not be happy about you having a suite. Put the money in your suite and the exterior and you'll be laughing all the way to the bank. You'll add resale value like crazy because - who DOESN'T need a mortgage helper!