All Forum Posts by: Mikhail Katz

@Shannon Allaire yea I've seen people mentioning prices from $100 to $300 per sq feet for ADU. But theoretically you can build it yourself, or at least some part of it.

Hmmm thanks for your input guys. I like an ADU idea cause I am kinda tiny house fan and don't mind to live in one while renting out the house itself. Of course later I can rent the tiny house so hopefully the whole thing will cash flow.

I was wondering the same question, but I guess you won't get as good terms as conventional 25% down loan.

Well in my opinion many posters don't have all the numbers, like utility bills and they don't know if you going to use property management and what fees would be or the estimated rehab costs etc. And yea I think most of the deals are not great if you do the proper calculation.

@Calvin Kwan

Wow I didn't know about this Measure! That's rough. I wasn't planning to stay there for more than a year anyways. And I assume vacant property it's a really rare find.

Well single family, I am not sure that I am willing not only to move somewhere I would really want to move but also share a unit with roommates.

Greetings ladies and gentlemen,

So do you think it is possible to house hack in Oakland with the current market? 

I am young and single, currently living in Berkeley and working in SF, I have some money I want to invest, and I will probably do out of state, but right now I am still eligible for FHA loan and entertaining the idea of house hacking here in Oakland. I would totally do that if I lived in a more hackable area, but I thought it's impossible here, I am still not sure and that's why I am asking. Also, I am not willing to move to a total hood, but rather somewhere relatively safe within a couple of miles from a Bart station, probably not further south from Lake Merritt station and surrounding areas. I saw some 2-4 plexes within 600-800k, but not sure what the rents would be and if I'll be able to buy them with FHA/3.5% down.

Any input is appreciated! 

I am and I think many many more investors as well!

My plan is to go straight to MF. Probably 4plex, unless I find some commercial with seller finance. I really want to get into 5+ commercial MF but can't see myself getting approved for a commercial loan at the moment. So will start where I can!

@Antonio Cousin

Hey look it up using search there were several topics about them seems like they are legit.

@Dillon Lopez

Make money, live humbly and save. That what i would do. We are talking about investing here and for that you need that money.