Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Raj Goel

Raj Goel has started 1 posts and replied 12 times.

Post: Househacking vs buying rental properties?

Raj GoelPosted
  • Posts 12
  • Votes 3

@Andrew Postell - California allows one attached ADU, one detached ADU, and one JADU on primary residence. I confirmed with the city over a few meetings, so that part is sorted out.

I know ADUs cause issues with appraisal since there are not many properties to comp with, that have ADUs. But wondering why you called out "two ADUs" specifically.

Thank you for your comment. I will research more.

Post: Househacking vs buying rental properties?

Raj GoelPosted
  • Posts 12
  • Votes 3

I am trying to decide whether househacking makes sense here if my goal is to generate $6K/month passive income asap.

I live in bay area California. I have the opportunity to build two ADUs on my primary residence. The ADUs will cost me total $700K to build. Assuming no loan, these will generate total $6K a month income after taxes.

Does househacking make sense here, or should I just focus on buying cash flowing rental properties in the country, or do both?

Househacking primary home = pays the mortgage on my home, instant $6K income, peace of mind, but some loss of privacy, too many eggs in one basket, appreciation on 1 property only.

Buying rental properties instead = multiple properties appreciating over time, more diversified, but cash flow very hard to find, how to get to $6K cashflow instantly?

I will appreciate any advice please.

Thank you so much!