House Hacking
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 5 days ago on . Most recent reply
Is HouseHacking in the Bay Area realistic?
Hi all,
I am moving to the Bay Area next month, and my preferred strategy would be to get an FHA loan and buy a 2-4 unit multifamily property. Do you have any experience doing that in the Bay Area? I will have to work there and I don't want my commute to be longer than 30 minutes, just looking to see if anyone invests around the area (e.g., Sunnyvale, Mountain View, Los Altos, or even farther away by Morgan Hill) and what numbers are they seeing?
I don't expect to cover the entire share of the mortgage looking at property prices if I buy a 4plex but would be good to connect with folks that have experience in this area.
Most Popular Reply
#4 House Hacking Contributor
- Realtor
- Reno, NV
Love the idea! I've grew up in the Bay Area but moved to Reno, NV to live and invest. Wanted to be close to the Bay Area and Tahoe.
I've house hacked twice here and it's changed my life. Here's a rule of thumb:
The more comfortable you need to live, the worse the numbers will be. The more uncomfortable you're willing to live, the better the numbers will be.
Here's what I learned and what I regret after doing it twice:
https://www.biggerpockets.com/forums/922/topics/1133476-hous...
- Jake Andronico
- 415-233-1796