All Forum Posts by: Adrielle Tecklenburg

My husband and I are planning to be there. Excited to learn from Jenell and network with everyone there. 

Hi @Jeff Zimmerman & @Chace Fraser, thank you both for the encouragement and reassurance! I really appreciate it. It's important to me that this next purchase is the right one, since I believe it will provide the base we need to make even more real estate investments in the future. 

We are planning to buy an SFR with additional units in the back, so it's still a househack, since we'll be renting out those units 😊 Reason for this instead of a "traditional" duplex or triplex is because we need a 3 bedroom. Rent from one side of a 3 bedroom duplex won't come close to covering the monthly PITI and I haven't seen any triplexes in the area we're looking that have even one 3 bedroom unit.

We're trying to do a house hack with kids as well, albeit only two of them. There are properties in our area that have an SFR with one,two,or sometimes three units built in the backyard. Unfortunately all of these SFRs are on the smaller side, around 900-1200 square feet and 2-3 bedrooms. We can make it work,but with 4 kids it would be tough.

One thing I've seen that might work for you is larger properties with multiple homes. I think something like that might be your best bet for finding a larger home/unit with additional rentals.

Best of luck in your search!

Hi everyone!

I live in Sacramento, CA and have been listening to the BiggerPockets $ podcast for a little over a year now. My husband and I bought our first home about 2.5 years ago. We are currently in the process of selling that home with the plan to get into a househack instead. We have 2 kids (my stepkids) ages 9 and 7, so we will be in this area for at least the next 11 years. Our hope is that the househack will enable us to save aggressively and invest in out-of-state rental properties. I have relatives who live in Texas and have rentals there, so that is probably where we would look; however, I am also interested in Indiana. My goal is to own at least 15 doors total, consisting of 2-4 unit properties. I expect that I'll end up owning more than that, and then paring down to my favorite properties when I want to "retire."

Hi all! My husband and I live in the central valley of CA and are planning to purchase a house hack in - hopefully - early 2020. It sounds like in order for an investment to be a good deal, we need to have double our mortgage and then some in rental income? We're planning to buy a SFH with one or two units in the back. If we're able to find a deal with two units, we should have our mortgage payment covered by those rents (we'll be using a VA loan). The SFH would probably rent for about 80-90% of whatever our mortgage payment ends up being once we move out (maybe more with improvements, but I'm trying to be conservative with my guesstimates). My question is, with these numbers, will we actually be able to get ahead financially? The more I learn about evaluating the numbers on a deal, the more I'm worried that we won't actually be able to save that extra $ we think we'll be able to, from having the rental income to cover the monthly PITI.

Due to our family circumstances, moving to a cheaper cost of living area won't be an option until 2030 at the earliest. We were hoping a house hack like I've described would allow us to save up really aggressively to start doing out-of-state rentals, but I'm concerned that we'll just break even compared to where we are now.

Thoughts and advice are appreciated!

Being on the I-5 side of town, your purchase would almost certainly be much more impacted by the proposed North State University hospital, if/when it is built.