House hacking in Sacramento area

[Jason Holloway]

I looking at to move my family to Sacramento area in July

I would like to house hack a duplex. Live in oneside fix it up and rent other side out

Im interested in owner finance but I don’t understand all the steps involved

Does everything go through title company ?

When in the process do you put it under traditional financing ?

How is the Sacramento market for BRRR ?

[Kyle Renke]

@Jason Holloway - There's definitely some seller finance opportunities in Sacramento; oftentimes, the terms depend on the seller and what they are looking for.

During a transaction, you definitely want to ensure that an escrow or title company is involved to ensure that everything is clean with the transaction, including the actual title itself.

The good news is, loan rates are at an all time low right now, so house hacking in Sacramento (either through a duplex or a single family house) is VERY do-able.  We are working with tons of house hacking clients in Sacramento, and depending on how creative you want to be, there's a lot of options to help keep your living costs down. 

In terms of BRRRR, as @David Greene says, you want to make sure that "there's enough meat left on the bone."  In other words, you can find potential BRRRR deals, but you'll want to make sure you have the right game plan in place before you pull the trigger.  

Many of our house hacking clients are buying multifamily or single family homes, living there for a year or two, renting out the other rooms, adding value to the house through "sweat equity" and then buying a new property and repeating the process.