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All Forum Posts by: Tobias Martinez

Tobias Martinez has started 1 posts and replied 3 times.

House Hacking

Post: House Hacking Question (Bay Area California)

Tobias MartinezPosted
  • Posts 3
  • Votes 1

Really great breakdown, 

I appreciate the insight 

Thank you!

0 Votes
House Hacking

Post: House Hacking Question (Bay Area California)

Tobias MartinezPosted
  • Posts 3
  • Votes 1

Makes sense, I appreciate the insight!

Thanks

0 Votes
House Hacking

Post: House Hacking Question (Bay Area California)

Tobias MartinezPosted
  • Posts 3
  • Votes 1

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!

1 Vote