Category: House Hacking

Buying A Home

How To Find A Real Estate Agent You Can Trust

When I was in fourth grade, I had a teacher who had a reputation for being brutal. She had been teaching a long time and certainly knew how to teach, but she wasn’t exactly what you’d call a nice teacher. I remember looking at my friends in the other fourth grade classes, laughing and seemingly having a great time, while my teacher was very strict and demanding and continued to pile on the homework.  Ultimately, we were all learning the same concepts and skills, but the experience was vastly different from one classroom to the next. This is the same

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Buying A Home

With Rent Control And High Prices, Is House Hacking Still Realistic?

People ask if house hacking is still a realistic and viable option in the Bay Area given our high price points and continued move towards tenants rights and rent control. We believe wholeheartedly that it is. It may not result in ‘free’ living right away, but we believe it’s far better than the alternative. Our clients who end up in successful house hack situations keep their monthly housing expenses far lower than if they had continued to rent or bought a single family home. Add that to the long term benefits of owning real estate, and these folks are in

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Buying A Home

House Hacking Case Study

In this blog, we’re going to walk through a case study of one of our past clients who have chosen to house hack. Earlier this year, our clients – we’ll call them Jim and Gabby – were looking to make the move into a more permanent home from a rented apartment. With their two young children, their goal was to find a 2 or 3 bedroom house and they hoped to stay in a good commuting location either east of Lake Merritt or along 580 in East Oakland. Their budget of 650,000 dollars proved challenging in their target neighborhoods, so

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Buying A Home

Frequently Asked Questions About House Hacking

We have a passion for helping people build wealth through real estate and one of our favorite ways to do that is through a strategy called house hacking. We’ve helped many of our clients purchase homes and benefit from house hacking. Over the years we’ve answered a multitude of questions regarding house hacking and we’d like to share some of our top frequently asked questions with you!  So in this blog, we’ll answer some of the most common questions we get regarding house hacking, which, simply put, is purchasing a small multi-unit property, living in one unit and renting out

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Buying A Home

Is House Hacking Right For You

We have a passion for helping people build wealth through real estate and one of our favorite ways to do that is through a strategy called house hacking. While my wife and I have done numerous house hacks over the years, I’m the first to admit it’s not for everyone. So in this article, we’ll help you determine whether house hacking is right for you. We’ll look at things you should consider before house hacking, the pros and cons of house hacking, and at least one scary story from my experience as a landlord. But first, in case you don’t

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Buying A Home

What is House Hacking?

House hacking is typically the purchase of a multi-unit property with the intention of occupying one unit and renting the remainder in order to reduce the overall housing expense while simultaneously building wealth. That’s a mouthful! And it’s only one of many definitions. In my work with clients, typically we’re talking about the above definition, which said more simply, is living in a duplex, etc that you own while renting out the other units. Though more broadly the term can be used to mean producing income out of a house you live in potentially be renting rooms, garage space, gardening

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Buying A Home

Why should I invest in real estate?

I love talking about investing in real estate with new or first-time investors in Oakland. What’s cool about real estate is that it nearly always fits investors’ goals and should become part of an investment strategy. It’s usually some combination of five main reasons: cash flow, appreciation, equity, leverage, tax benefits. Cashflow Real estate as an investment often produces income through rent. After subtracting expenses and mortgage payments, you’re left with cash flow. It’s a good thing. I love it and you will too.  Appreciation Appreciation is the increase in value. This is where much of the wealth in real

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Buying A Home

Real Estate Lingo Deciphered: What’s a “Comp?”

From Ikea product hacks to painting kitchen cabinets and refinishing countertops, Americans are absolutely hooked on the DIY craze. There are some things, however, that only a pro should tackle and that includes determining a home’s current market value. In fact, a National Association of Realtors’ survey of for-sale-by-owners found that determining an accurate price for their home was the homeowner’s most challenging task. Pricing your home too high or too low are both disastrous to your pocketbook. Real estate agents and professional appraisers pretty much use the same process to determine a home’s market value. The purpose behind the

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House Hacking

This Is Why We Decided To Sell Our Cash-Flowing Duplex In Oakland

Cash flow is a wonderful thing, and it’s one of the main reasons many people get into real estate investing. When my wife and I first started investing in real estate over a decade ago, our realtor at the time told us that, if we played our cards right, took care of our property, and held it long enough, we might be able to get it to be “cash flow positive” one day. We didn’t really know what that meant at the time, but we were on board to try. Fast forward to today. We’ve now invested in multiple markets

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Buying A Home

Home Buying 101: The Oakland Edition

I bought my first home when I was 21 years old. I was scared out of my mind and wasn’t sure I was doing the right thing. The home buying process seemed simple enough, yet there were a lot of little steps, and a TON of paperwork. I was extremely fortunate to have had a great real estate agent advocating for me and guiding me through the process. He gave me his honest opinions without being too pushy. And he even entertained my crazy fixer upper ideas. 🙂 Flash forward to today. I’ve now been through the home buying process

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