Category: House Hacking

Are you wondering how you can possibly afford a home here in the very pricey San Francisco Bay Area? Saving enough for a down payment on a million-dollar home could take a very, very long time. That’s why house hacking can be a great solution to affording a home despite the high prices here in the Bay Area. And in fact, it’s something that we on the Joe Dickerson Group team do ourselves! House hacking is when you buy a multi-unit property like a duplex, live in one unit, and rent out the other(s). In doing so, you get to

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

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

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

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