House Hacking Rules in San Francisco or Los Angeles?

[Dennis Constanza]

Hi everyone, 

Just found out about this community recently and have been trying to absorb information as much as a sponge through reading. Just graduated in 2020 and moving into tech sales. Have been doing some modest digging and was wondering what rules, if any, y'all might recommend in trying to house hack or reducing housing expenses as it applies to San Francisco (where I'm moving) or Los Angeles (South - where I grew up/live)? Or maybe advice that should be ignored more importantly in this case scenario for early financial freedom? I understand living near work is necessary to reduce expenses (job will be in the financial district), and trying to see if it's a viable option or if it's just a bite the bullet situation where I should just look to save as much for a few years and invest else where for a first property using FHA loan?

Any feedback or thoughts would generally be appreciated!

Cheers,

Dennis Constanza | LinkedIn Profile

[Michael C Williams]

Hey Dennis. I can only speak to San Francisco but many of the home here have converted garages/downstairs areas that qualify as in-law units and can be rented without issue. These unit are still desirable, especially if they have access to the backyard space and can help cover around 1/3 of the mortgage in most instances. Feel free to message me if you are looking for some specific housing data for particular neighborhoods.