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Updated over 1 year ago,

User Stats

3
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1
Votes
Tobias Martinez
1
Votes |
3
Posts

House Hacking Question (Bay Area California)

Tobias Martinez
Posted

Hey everyone,

I’m in the process of looking for a lender in order to figure out what sort of loan I can get approved for. 

After running numbers for some single family homes within the county I am shopping in (Solano county) I realized that I will most likely have to pay around $500 towards the mortgage each month, even after renting out the rooms...

My question is; is this worth it? My Idea is that I am building equity within this home and can eventually turn it into full house rental with a higher monthly rent. What do you guys think? 

Thanks!

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