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Updated 5 months ago on . Most recent reply

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House Hacking Bay Area (3.5% down, owner occupied)

Posted

Hi everyone! I am trying to house hack (3.5% down, owner-occupied, rent other rooms) in the Bay Area (driving distance about an hour from Redwood City and SF). I have already been pre-qualified for a loan. I am debating between house hacking in the Bay Area for my first property or buying my first property out of state with the help of a property management company. I am looking to at least break even in California. I have a long term goal of building equity/appreciation. Does anyone have any advice as I am just starting out on my real estate investment journey. Thank you!

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Drew Sygit
Property Manager
Agent
Pro Member
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
5,334
Votes |
8,718
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Drew Sygit
Property Manager
Agent
Pro Member
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Adriana V Alvarado you'll learn more and have better control over a local house-hack versus an OOS rental.

Just be careful of the tenant-friendly climate in California.

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Logical Property Management.
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