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Updated over 1 year ago,
House Hacking Question (Bay Area California)
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!